California Civil Code

§ 5570

CIV § 5570 Effective Jan 1, 2017Div. 4 · Part 5 · Ch. 7 · Art. 3

Statute text

(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 Fiscal Year Ending _____

(1)The regular assessment per ownership interest is $_____ per ____. Note: If assessments vary by the size or type of ownership interest, the assessment applicable to this ownership interest may be found on page _____ of the attached summary.

(2)Additional regular or special assessments that have already been scheduled to be imposed or charged, regardless of the purpose, if they have been approved by the board and/or members: Date assessment will be due: Amount per ownership interest per month or year (If assessments are variable, see note immediately below): Purpose of the assessment: Total: Note: If assessments vary by the size or type of ownership interest, the assessment applicable to this ownership interest may be found on page ____ of the attached report.

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Legislative history

Amended by Stats. 2016, Ch. 714, Sec. 8. (SB 944) Effective January 1, 2017.