§ 6804 Assessment Funds Exemption
A homeowners association (HOA) collects monthly fees from residents to pay for water, electricity, and insurance for shared spaces like the pool and clubhouse.
If the HOA owes money to someone and that person tries to take the money meant for water and electricity bills, the law says they can't take it because those are essential services. But if the HOA took a loan to fix the pool and didn't pay it back, the money for that loan isn't protected.
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§ 6804 Assessment Funds Exemption
Last verified: January 21, 2026