Can HOA financial statements be put on an open internet website for anyone to see?
An HOA can publish financial statements on its website for everyone to see. But, whether or not this is a good idea depends on the opinion of your HOA board and attorney. Additionally, you must make sure that no private or sensitive information is included in these statements (such as the personal information of homeowners).
Posting financial statements on your HOA website is an easy way to give homeowners quick access to them. And, by law, homeowners should be given the opportunity to review financial statements. If your HOA would prefer not to post the statements on a public website, you might consider posting them instead on the homeowner portal. This way, only homeowners with logins can access them.
Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.