[02] Reserve Study by State
HOA reserve study requirements by state.
Some states mandate reserve studies by statute; the rest follow the National Reserve Study Standards (NRSS) by industry practice. Every U.S. state has a 2026 compliance summary below covering the governing statute, required cycle, owner-waiver rules, and the practical consequences of missing a deadline.
States with specific reserve study statutes
Alabama
Ala. Code §35-8A-302(a) — association may budget for reserves (no mandate)
No mandated study cycle; NRSS 3-5 year cycle driven by bylaws and lender requirements
View requirements →
California
Davis-Stirling §§ 5550, 5570
Full study with visual inspection every 3 years; annual budget disclosure
View requirements →
Colorado
CCIOA § 38-33.3-209.5
Annual reserve disclosure; periodic study based on bylaws and lender requirements
View requirements →
Connecticut
CIOA § 47-244
Reserves required; study cycle bylaw-driven
View requirements →
Delaware
DUCIOA § 81-302
Reserves required; UCIOA-aligned disclosure
View requirements →
Florida
F.S. § 718.112(2)(g) — SIRS
SIRS every 10 years for 3+ habitable story buildings; standard reserves under § 718.112(2)(f) for others
View requirements →
Hawaii
HRS § 514B-148
Reserve study every 3 years with 20-year projection
View requirements →
Illinois
765 ILCS 605/9
Reserves required; reasonable estimation of capital needs
View requirements →
Indiana
Ind. Code §32-25-4-4 — mandatory condominium replacement reserve fund
No mandated study cycle; reserve fund required for condominiums by statute; NRSS 3-5 year study cycle recommended
View requirements →
Kentucky
KRS §381.870 — co-owners must contribute to replacement reserves (Horizontal Property Law)
No mandated study cycle; replacement reserve contributions required by statute for older condos; NRSS 3-5 year study cycle recommended
View requirements →
Maine
Me. Rev. Stat. tit. 33, § 1603-102 (Maine Condominium Act)
UCIOA-aligned; no mandated cycle — bylaw or lender driven
View requirements →
Maryland
Md. § 11-109.2 / 11B-112.2
Reserve study every 5 years; county overlays (Montgomery, Prince George's, Howard) add additional requirements
View requirements →
Massachusetts
MGL c.183A § 10
Reserves required; best-practice study every 3-5 years
View requirements →
Minnesota
MCIOA § 515B.3-114
Reasonable reserves required; annual disclosure
View requirements →
Nevada
NRS 116.31152
Reserve study every 5 years; annual update of the budget portion
View requirements →
New Hampshire
RSA 356-B:40-c (Condominium Act)
Annual reserve budget disclosure required; no mandated study cycle
View requirements →
New Jersey
P.L. 2023, c.214 (as amended by P.L. 2025, c.132)
Capital reserve study required every 5 years; 30-year funding plan; first study due within 2 years of January 8, 2024
View requirements →
Ohio
Ohio Rev. Code § 5311.081
Adequate reserves required in annual budget; no statutory study cycle; waivable annually by majority owner vote
View requirements →
Oregon
ORS 100.175 / 94.595
Reserve study required; updated as needed for changes in components or costs
View requirements →
Rhode Island
R.I. Gen. Laws § 34-36.1-3.02 (RI Condominium Act)
UCIOA-aligned; no mandated cycle — bylaw or lender driven
View requirements →
Tennessee
TCA § 66-27-403(g)
Reserve study required every 5 years for condo associations (post-2009 condos) with common elements exceeding $10,000 replacement cost
View requirements →
Utah
Utah § 57-8a-211
Reserve analysis every 6 years; annual budget disclosure
View requirements →
Virginia
Va. § 55.1-1965 / 55.1-1972
Reserve study required; annual budget disclosure
View requirements →
Washington
RCW 64.34.380 / 64.38.065
Reserve study every 3 years; annual update of the funding plan
View requirements →
West Virginia
WV Code § 36B-3-102 (UCIOA)
UCIOA-aligned; no mandated cycle — bylaw or lender driven
View requirements →
Other states
Alaska
AS § 34.08.320
NRSS-standard 3-5 year cycle; reserve budgets authorized but not mandated; driven by bylaws and lender requirements
View requirements →
Arizona
A.R.S. §§ 33-1806 / 33-1260
No mandated reserve study cycle; resale disclosure of reserve study (if any) required for communities of 50+ units
View requirements →
Arkansas
No specific reserve study statute
NRSS-standard 3-5 year cycle; driven by bylaws and lender requirements
View requirements →
Georgia
No specific reserve study statute
No statutory cycle; study frequency set by governing documents and lender requirements
View requirements →
Idaho
No specific reserve study statute
NRSS-standard 3-5 year cycle; driven by bylaws and lender requirements
View requirements →
Iowa
No specific reserve study statute
NRSS-standard 3-5 year cycle; driven by bylaws and lender requirements
View requirements →
Kansas
No specific reserve study statute
NRSS-standard 3-5 year cycle; driven by bylaws and lender requirements
View requirements →
Louisiana
No specific reserve study statute
NRSS-standard 3-5 year cycle; driven by bylaws and lender requirements
View requirements →
Michigan
MCL § 559.205 / Mich. Admin. R. 559.511
Reserve fund required (minimum 10% of annual budget); no statutory reserve study cycle mandated
View requirements →
Mississippi
No specific reserve study statute
NRSS-standard 3-5 year cycle; driven by bylaws and lender requirements
View requirements →
Missouri
No specific reserve study statute
NRSS-standard 3-5 year cycle; driven by bylaws and lender requirements
View requirements →
Montana
No specific reserve study statute
NRSS-standard 3-5 year cycle; driven by bylaws and lender requirements
View requirements →
Nebraska
No specific reserve study statute
NRSS-standard 3-5 year cycle; driven by bylaws and lender requirements
View requirements →
New Mexico
No specific reserve study statute
NRSS-standard 3-5 year cycle; driven by bylaws and lender requirements
View requirements →
New York
No specific reserve study statute
No statutory cycle; study frequency set by governing documents and lender requirements
View requirements →
North Carolina
NCGS §§ 47C-3-114 / 47F-3-114
No state-mandated reserve study cycle; reserve authority is bylaw- and lender-driven
View requirements →
North Dakota
N.D. Cent. Code Ch. 47-04.1 and § 47-10-02.3
No reserve study mandate; resale disclosure of reserve fund status required under § 47-10-02.3
View requirements →
Oklahoma
No specific reserve study statute
NRSS-standard 3-5 year cycle; driven by bylaws and lender requirements
View requirements →
Pennsylvania
No specific reserve study statute
No statutory cycle; study frequency set by governing documents and lender requirements
View requirements →
South Carolina
SC Code §§ 27-30-100 et seq. / 27-31-10 et seq.
No state-mandated reserve study cycle; reserve planning is bylaw- and lender-driven
View requirements →
South Dakota
SDCL Ch. 43-15A
NRSS-standard 3-5 year cycle; driven by bylaws and lender requirements
View requirements →
Texas
No specific reserve study statute
No statutory cycle; study frequency set by governing documents and lender requirements
View requirements →
Vermont
27A V.S.A. § 3-102
NRSS-standard 3-5 year cycle; reserve budgets authorized but not mandated; driven by bylaws and lender requirements
View requirements →
Wisconsin
Wis. Stat. § 703.163
Statutory reserve account required for condominiums created after November 1, 2004; no mandated reserve study cycle
View requirements →
Wyoming
Wyo. Stat. Title 34, Ch. 20
NRSS-standard 3-5 year cycle; driven by bylaws and lender requirements
View requirements →
Other states (NRSS standard)
NRSS — National Reserve Study Standards
NRSS-standard 3-5 year cycle; driven by bylaws and lender requirements
View requirements →
Every 3 years
Every 5–6 years
Decennial · Bylaw-driven
NRSS standard
Built-in state compliance, switchable in one click.
Apex Reserve Studio ships with 15 state-specific compliance modules plus the NRSS standard. Change the Compliance Jurisdiction on the Property Info form and the PDF builder produces the right format — Davis-Stirling §5570 for California, F.S. § 718.112(2)(g) for Florida SIRS, and so on. Engine math is identical across jurisdictions.