The Davis-Stirling Act - California Civil Code Section §1365  At least once every three years, the board of directors shall cause to be conducted a reasonably competent and diligent visual inspection of the accessible areas of the major components that the association is obligated to repair, replace, restore, or maintain as part of a study of the reserve account requirements of the common interest development. (I.E. A Reserve Study).

Disclosure Documents Index Civil Code §1363.005
The Homeowner Association (HOA) shall, at the request of any member, distribute to the member, in the manner described in §1350.7, the following Disclosure Documents Index:

 
DISCLOSURE DOCUMENTS INDEX           
1.   Assessment & Reserve Funding Disclosure Summary (form)  §1365.2.5

2.   Pro Forma Operating Budget or Pro Forma Budget Summary §1365(a)

3.  Assessment Collection Policy §1365(e) & §1367.1(a)
4.   Notice/Assessments & Foreclosure (Form) §1365.1
5.   Insurance Coverage Summary §1365(f)
6.   Board Minutes Access §1363.05
7.   Alternative Dispute Resolution (ADR) Rights (summary) §1369.59
8.   Internal Dispute Resolution (IDR) Rights (summary) §1363.85
9.   Architectural Changes Notice §1378(c)   
10. Secondary Address Notification request §1367.1(k)
11. Monetary Penalties §1363(g)
12. Reserve Funding Plan (summary) §1365(b)
13. Review of Financial Statement §1365(c)   
14. Annual Update of Reserve Study §1365(a)
Here is a bit of history behind the Davis-Stirling Act
 
In 1963 Common interest developments were first regulated in California with the passage of the California Condominium Act. However, the laws affecting homeowners associations (HOA) were scattered throughout the Corporations Code and the Civil Code and did not adequately address the unique issues posed by community associations.

Through the efforts of Assemblyman Lawrence W. Stirling and law professor Katherine Rosenberry, a comprehensive body of law governing common interest developments was drafted in 1985 and became known as the Davis-Stirling Common Interest Development Act. The Act went into effect January 1, 1986 as
Civil code 1350-1378.

The Davis-Stirling Act applies to all common interest developments in California, including those in existence prior to the Act.
 
A reserve study should be completed once every three years. Contact us today for all your reserves study needs.