---
title: Condo board borrows from reserves. Owners afraid it will not get re-paid.
description: Our Board is borrowing from our Reserves to pay for a Special Assessment that was underfunded? I have asked how they are going to repay this money
---

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# Condo board borrows from reserves. Owners afraid it will not get re-paid.

| [Condo & HOA Assessments](https://www.condoassociation.com/blog/topic/condo-hoa-assessments) |   [Board of Directors](https://www.condoassociation.com/blog/topic/board-of-directors) |  

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## What do you think? Question:

Our Board is borrowing from our reserves to pay for a Special Assessment that was underfunded? I have asked how they are going to repay this money back to the reserves and they are evasive. I think they should let the owners know if it is going to be a second special assessment and how much each owner is required to pay. The Board has not committed any repayment plan to the owners. What are our rights?

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## What do you think? Answers (10)

#### What are your thoughts on this topic?

***Comments and postings are not legal advice**, but are the opinions of our readers. This forum and its contents are being monitored. Please be respectful of each other. *  
  

## Related Posts

### [Condo board wants to spend all reserves prior to new assessment](https://www.condoassociation.com/blog/condo-board-wants-to-spend-all-reserves-prior-to-new-assessment)

### [Should HOA board keep income in reserves or operating account?](https://www.condoassociation.com/blog/hoa-board-is-allocating-reserves-to-operations)

### [Board and property manager hiding $350K mistake in HOA reserves](https://www.condoassociation.com/blog/tabid/19257/bid/12606/Board-and-property-manager-hiding-350K-mistake-in-HOA-reserves.aspx)

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