California HOA Annual Disclosures Checklist (All 23 Davis-Stirling Requirements)

A detailed estimate of the association's revenues and expenses for the upcoming fiscal year, prepared on an accrual basis. Must cover all operating line items, not just a summary.

A summary of the reserve account status based on the latest reserve study — including estimated useful lives, replacement costs, and total accumulated funds. § 5565 defines the required content of this summary.

A summary of the board-adopted reserve funding plan outlining how the association plans to fund the reserve accounts to meet future replacement obligations.

A statement indicating whether the board has determined to defer or not undertake the repair or replacement of any major component with 30 or more years of remaining useful life — including the board's justification for any deferral.

A disclosure of whether the board anticipates that any special assessments will be required to repair or replace major components or to fund reserve plans in the upcoming fiscal year.

A statement outlining the mechanisms by which the board will fund reserves — standard assessments, special assessments, commercial loans, use of other assets, deferral of replacements, or a combination.

A statement describing the procedures used to calculate and establish reserve fund requirements. Note: any assumed rate of return used in reserve calculations may not exceed 2% under the statute.

Detailed disclosure of any outstanding commercial loans, including: lender name, principal balance, interest rate, payment terms, and security interest (collateral). Must be disclosed even if the loan is being serviced on schedule.

A detailed summary of the association's insurance policies — property damage, general liability, directors & officers (D&O), fidelity/crime, workers' compensation, flood, and earthquake. Must include policy limits, carriers, and deductibles for each.

A mandatory statement indicating whether the common interest development is currently certified by the Federal Housing Administration (FHA). Applies to condominium projects only — affects owner financing options.

A mandatory statement indicating whether the common interest development is currently certified by the Department of Veterans Affairs (VA). Applies to condominium projects only — affects veteran buyer eligibility.

The legally mandated standard-format § 5570 form that must accompany every annual budget report. Serves as the cover page summarizing current dues, reserve balances, and reserve funding percentage. This is a separate required form — not a narrative summary.

The statutory § 4528 form outlining the maximum fees the association or management company will charge to prepare and provide governing documents to home buyers and their agents. Must be the current DFPI-approved form.

The name, address, and contact details of the person designated to receive official communications on behalf of the association — typically the board president, secretary, or management company.

A notice informing members of their right to submit a secondary address to the association for receiving official, individual correspondence — useful for owners who split time between properties.

A statement identifying the designated physical or electronic location where general association notices are posted — e.g., the community clubhouse bulletin board, the association website, or the owner portal.

Notice of a member's right to request that all general notices be sent to them individually via first-class mail or email — rather than relying on the community posting location.

A notice explaining members' right to obtain copies of the executive board's open meeting minutes — including how and where to make the request and any applicable copying fees.

The exact, word-for-word statutory disclosure notice (Form § 5730) informing owners of their rights, the association's lien and foreclosure powers, interest rates, late fees, and payment timelines. Must use the current statutory form — paraphrasing does not satisfy this requirement.

A statement of the association's policies and practices for enforcing lien rights and other legal remedies for default in the payment of assessments — distinct from the covenant enforcement policy.

A summary of the association's policy for enforcing rules and architectural guidelines — including the board-adopted fine schedule as required by § 5850. The fine schedule must be attached or incorporated.

A combined summary of both dispute resolution procedures: (1) Internal Dispute Resolution (IDR) — the free meet-and-confer procedure under § 5920, and (2) Alternative Dispute Resolution (ADR) — including the mandatory § 5930 warning that failure to offer ADR before filing suit may waive legal rights (§ 5965). Both are required under a single subsection (a)(9).

A summary of the association's procedures for reviewing and approving physical changes or improvements to properties — including application requirements, review timeline, and appeal process per § 4765.