California real estate disclosure laws California Real Estate Disclosures | Page 31

or if not incorporated, a written statement from an authorized
representative that the association is not incorporated;
•

If there is an age restriction not consistent with Civil Code Section 51.3,
a statement that the age restriction is only enforceable to the extent
permitted by law and specifying the applicable provisions of law;

•

A copy of the financial documents of the association including financial
statement, the operating budget, the most recent reserve study and the
assessment and reserve funding disclosure summary form (see Civil
Code 1365 and 1365.5);

•

A written statement from an authorized representative of the association
specifying the amount of the current regular and special assessments, the
current fees, as well as any unpaid assessments, late charges, interest,
and costs of collection which are or may become a lien against the
separate interest and any fines or penalties levied upon the owner and
which remain unpaid.

•

A copy or summary of any notice previously sent to the owner that sets
forth any alleged violation of the governing documents that remains
unresolved.

•

A copy of any preliminary list of any construction defects and a
statement that a final determination of the defects has yet to occur,
including whether the list of defects is accurate and complete.

•

A disclosure of any settlement agreement or other instrument between
the association and the developer regarding construction defects, and the
following information in connection therewith:
“(1) A general description of the defect ́ѡ