Who typically requires an HOA certification report for a home with an HOA?

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When a home is in an HOA, the HOA certification report is a standard due-diligence disclosure that the buyer and the lender typically require. It lays out the HOA’s financial and governance details—regular assessments and any delinquencies, upcoming or potential special assessments, reserve fund status, any pending or recent litigation involving the HOA, and the HOA’s insurance coverage. This information helps the buyer decide whether to proceed with the purchase and at what price, and it lets the lender assess risk and determine loan terms. California law requires the HOA to furnish this certificate to the buyer and lender within a short timeframe after a request, and the report is delivered through escrow. The city isn’t the usual source of this document, and while the HOA board maintains the information, the report is provided to the buyer and lender, not requested by the board itself.