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Legislation to help promote HOA FHA AND VA Approvals

posted Oct 7, 2015, 1:24 PM by Richard D'Ascoli   [ updated Oct 7, 2015, 1:27 PM ]
AB 596 (just signed by Governor Brown)will notice HOA's about the status of their FHA and VA Approval Status. 

Beginning July 1, 2016, the annual budget report of a condominium project will include a separate statement describing the status of the condo complex as a Federal Housing Administration (FHA)-approved condominium project and as a federal Department of Veterans Affairs (VA)-approved condominium project.