Many states have enacted legislation dealing with community association reserve and operating funds to
protect owners from fiscal problems and financial hardship. More states may enact similar legislation as
community associations continue to gain popularity.
Reserve studies are required in the following states seven states.
Washington statutorily encourages associations to have a reserve study performed every
three years unless doing so would impose an unreasonable hardship.
Click here to view a state-by-state summary of reserve study requirements.