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HOA Education - Articles Reserves

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§5580 – Community Service Organization Reporting

Unless the governing documents impose more stringent standards, any community service organization whose funding from the association or its members exceeds 10 percent of the organization’s annual budget shall prepare […]

25

§5570 – Reserve Disclosure Form

(a) The disclosures required by this article with regard to an association or a property shall be summarized on the following form: Assessment and Reserve Funding Disclosure Summary For the […]

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§5565 – Reserves Summary Requirements

The summary of the association’s reserves required by §5300(b)(2) shall be based on the most recent review or study conducted pursuant to §5550, shall be based only on assets held […]

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§5550 – Reserve Study Requirements

At least once every three years, the board shall cause to be conducted a reasonably competent and diligent visual inspection of the accessible areas of the major components that the […]

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§5520 – Litigation

When the decision is made to use reserve funds or to temporarily transfer moneys from the reserve fund to pay for litigation pursuant to subdivision (b) of Section 5510, the […]