Ask the HOA Expert: How Susceptible Are HOAs To Embezzlement?

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Question: How susceptible are HOAs to embezzlement? What are common safeguards and how effective they are?

Answer: Embezzlement in the past has not been common in HOAs because most had little money to embezzle. However, as more states enact mandatory reserve fund requirements, more HOAs are accumulating substantial funds for future repairs which will entice embezzlers.     Read the Q&A……………

 

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