Current through Chapter 59 of the 2024 Legislative Session
Section 08.88.175 - Limitations on community association managersA licensee may not, within the practice of community association management, exercise control over the
(1) reserves or investment accounts of a community association;(2) operating account of a community association unless (A) allowed under a contract that has been approved by the association's board of directors; and(B) duplicate financial statements concerning the account are sent by the institution holding the account to the licensee and the association's board of directors at separate addresses.