Category: Financing
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SPECIAL ASSESSMENT INFORMATION – HOA Website Communication
Our board is using the HOA’s website to promote a special assessment. However, they blocked the response/comment box so we couldn’t voice a response. Can they do that? . . . READ MORE
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HOA DEBT COLLECTION: Is A License Required?
Great news for HOAs collecting delinquent assessments! After over a year of confusion created by Senate Bill 908, which seemed to require that HOAs be licensed to collect assessments, California’s Department of Financial Protection and Innovation (DFPI) decided that . . . READ MORE
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HOW TO PROCEED WHEN TAKING FUNDS FROM HOA RESERVE ACCOUNTS
If funds are taken from the reserve account for a new roof, does the reserve fund need to be replenished? If so, what is the timeline? One year? Two years? . . . LEARN MORE
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REPORTING RENTALS TO BANKS
The issue of Reporting Rentals to Banks is a question that often comes up in HOA communities. Below is an article from the Davis-Stirling.com Newsletter by AK Adams Kessler regarding Reporting Rentals to Banks. QUESTION: Is my HOA required by law to gather data with regard to occupancy (owner or renter) in our development? I…
