| • |
Place the interest of the association and its members above his
own interests; |
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| • |
Be absolutely loyal to the association; |
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|
| • |
Establish a separate HOA operating account
and reserve account on or before the date the first escrow closes; |
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| • |
Pay assessments into the HOA operating account, before the
delinquency date, for all unsold units or lots; |
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| • |
Use association funds (assessments) only for association
purposes which does not include paying costs to cure defects or
other non - association related expenses; |
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| • |
Provide the association (corporation) with copies of those
documents set forth in Regulation 2792.23 of the Real Estate
Commissioner of California; |
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| • |
Avoid or disclose any actual or potential conflicts of interest;
and |
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| • |
Repair any construction defects properly and timely utilizing
his own funds. |
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