Question:
Where can I find the document requiring an HOA to maintain a Reserve fund?
– Jacquelyn
Answer:
Hi Jacquelyn,
In West Virginia, there is no statutory requirement for HOAs to fund reserves. However, your governing documents may have this requirement. Check your CC&Rs and bylaws to understand whether or not your HOA is required to fund and maintain reserves. Your HOA board should have a copy of the governing documents.
Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.
