Washington § 64.38.075 - Reserve account — Withdrawals. (Effective until January 1, 2028.)

Full text of Washington Revised Code of Washington § 64.38.075 — Reserve account — Withdrawals. (Effective until January 1, 2028.), with citation guidance and answers to common questions.

§ 64.38.075. Reserve account — Withdrawals. (Effective until January 1, 2028.)

An association may withdraw funds from its reserve account to pay for unforeseen or unbudgeted costs that are unrelated to maintenance, repair, or replacement of the reserve components. The board of directors shall record any such withdrawal in the minute books of the association, cause notice of any such withdrawal to be hand delivered or sent prepaid by first-class United States mail to the mailing address of each owner or to any other mailing address designated in writing by the owner, and adopt a repayment schedule not to exceed twenty-four months unless it determines that repayment within twenty-four months would impose an unreasonable burden on the owners. Payment for major maintenance, repair, or replacement of the reserve components out of cycle with the reserve study projections or not included in the reserve study may be made from the reserve account without meeting the notification or repayment requirements under this section.
[ 2011 c 189 s 11.]

Notes

Effective date—2011 c 189: See note following RCW 64.38.065.

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 64.38.075

What does Revised Code of Washington § 64.38.075 cover?

Section 64.38.075 ("Reserve account — Withdrawals. (Effective until January 1, 2028.)") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Washington § 64.38.075?

A common citation format is "Revised Code of Washington § 64.38.075" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

How does Washington § 64.38.075 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

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