---
title: Do HOA managers need to disclose financial reports to owners?
description: I live in a townhouse community in NC. Original developer went bankrupt. They formed a new company and started building again. The developer's sister
---

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# Do HOA managers need to disclose financial reports to owners?

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## What do you think? Question:

I live in a townhouse community in North Carolina. Original developer went bankrupt. They formed a new company and started building again. The developer's sister company is the HOA Management Company. We have 12 units left to sell before we transition to an owner board. We have asked the HOA Manager for bank statements since the financials she provides don't make sense. She keeps dodging. We know she is cooking the books. Is there a NC statute that requires the HOA Manager to provide bank statements upon request of a home owner? 

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## What do you think? Answers (9)

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

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