SECTIONS 11504 - California Statutes

BUSINESS AND PROFESSIONS CODE

SECTION 11504

11504. On or before September 1, 2003, and annually thereafter, a
person who either provides or contemplates providing the services of
a common interest development manager to an association shall
disclose to the board of directors of the association the following
information:
(a) Whether or not the common interest development manager has met
the requirements of Section 11502 so he or she may be called a
certified common interest development manager.
(b) The name, address, and telephone number of the professional
association that certified the common interest development manager,
the date the manager was certified, and the status of the
certification.
(c) The location of his or her primary office.
(d) Prior to entering into or renewing a contract with an
association, the common interest development manager shall disclose
to the board of directors of the association or common interest
development whether the fidelity insurance of the common interest
development manager or his or her employer covers the current year's
operating and reserve funds of the association. This requirement
shall not be construed to compel an association to require a common
interest development manager to obtain or maintain fidelity
insurance.
(e) Whether the common interest development manager possesses an
active real estate license.
This section may not preclude a common interest development
manager from disclosing information as required in Section 1363.1 of
the Civil Code.