Cal. Civ. Code §5560
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Reserve disclosure summary — Annual delivery
Requires an annual reserve summary be distributed to members. The summary reports current reserve balances, components inventory with remaining useful life and replacement cost, percent-funded ratio, and the cash flow projection of when major components must be repaired or replaced.
Reviewed · California changes feed
Reserves
| Ref | Requirement |
|---|---|
| (a) | Each year owners must receive a reserve report listing every major component, what's left of its useful life, what replacement will cost, how much is currently in reserves, and what percentage of the reserve target the HOA has actually funded. |
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Legal references last verified May 24, 2026.
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