2005 California Business and Professions Code Sections 11504 CHAPTER 3. DISCLOSURE REQUIREMENTSBUSINESS AND PROFESSIONS CODE
11504. On or before September 1, 2003, and on an annual basis thereafter, a person who either provides or contemplates providing the services of a common interest development manager to a community association shall disclose to the board of directors of the community association the following information: (a) Whether or not the common interest development manager has met the requirements of Section 11502 so he or she may be called a certified common interest development manager. (b) The name, address, and telephone number of the professional association that certified the common interest development manager, the date the manager was certified, and the status of the certification. (c) The location of his or her primary office. (d) Prior to entering into or renewing a contract with a community association, the common interest development manager shall disclose to the governing board of the community association whether the fidelity insurance of the community manager or his or her employer covers the operating and reserve funds of the community association. This requirement may not be construed to compel or require a community association or common interest development manager to require fidelity insurance. (e) Possession of an active real estate license, if applicable. This section may not preclude a common interest development manager from disclosing information as required in Section 1363.1 of the Civil Code.
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