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HOA Reserve Rules You Can't Ignore | Irvine News
Published 2 weeks, 2 days ago
Description
HOA reserve fund borrowing isn’t a free pass—California law demands strict rules: money must be repaid within a year, or the board must formally justify any extension. When boards neglect long-term financial planning, they risk crippling homeowners with surprise special assessments or loans to fix crumbling common areas—essentially living on credit until the bill comes due.
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