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What Happens to HOA Funds If an Emergency Assessment Falls Short?

| Board of Directors |   California |  


Question:

This question was submitted by Ana of California

If an HOA issues an emergency assessment but cannot collect enough funds to proceed with the planned project, what happens to the money already paid by compliant owners? Are there protections or time limits on how long an HOA can hold those funds, and how can owners recover their payments if the project stalls?


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