California HOA or Condo Association Employee Theft POSITION SCHEDULE Bond
Overview
California homeowner associations and condo associations hold significant funds on behalf of their members — and those funds need protection. A Position Schedule Fidelity Bond covers theft or dishonest acts committed by employees or officers who occupy specific covered positions within the association. Unlike a blanket bond, this format ties coverage to named roles, so every position that handles association money is explicitly scheduled. If your HOA or condo association manages a pool of dues, reserves, or operating funds, this bond is your members' financial safety net.
Who Needs This Bond?
Association managers, board officers, and any HOA or condo association entity in California that employs or appoints individuals in positions of financial trust need this bond. Property management companies that serve California associations may also be required to carry this coverage on behalf of their clients. If your association collects dues, manages reserve accounts, or cuts checks for maintenance and operations, the people in those roles need to be scheduled on a fidelity bond. This is not a personal bond — it covers the position, so whoever sits in that chair is covered.
What is this Bond For?
This bond exists to reimburse the association — and by extension its members — when someone in a covered position steals, embezzles, or commits a dishonest act against association funds. California law recognizes that HOA and condo association funds are pooled owner money, and those owners have no direct control over day-to-day financial handling. The Position Schedule format ensures every specific role with financial access is named and bonded, leaving no gaps when personnel change. If a treasurer absconds with reserve funds or a manager falsifies vendor payments, this bond is the mechanism for recovery.
When is it Required?
California's Davis-Stirling Common Interest Development Act creates the legal framework that makes fidelity bonding a practical and often mandatory consideration for HOAs and condo associations in the state. The requirement typically activates when an association reaches a threshold size in terms of units or budget, or when an association's governing documents, CC&Rs, or lender requirements mandate it. Lenders financing units in California common interest developments frequently require the association to carry active fidelity coverage as a condition of mortgage approval. The Position Schedule format is often specifically required when coverage must be tied to defined financial roles rather than a general employee pool.
Where Does it Apply?
This bond applies statewide across California and is not tied to any single city or county. It covers the operations of the HOA or condo association at whatever California property or properties the association governs. All covered positions scheduled on the bond are protected regardless of which California location the association manages.
How to Buy Online
Click 'Buy This Bond Online' on this page and you'll be taken directly into the secure surety portal in a new tab. Enter your association's information, identify the positions you need to schedule, and complete your application online without waiting on a callback. Once approved, your bond documents are delivered digitally so your association can move forward immediately.
Why Bond Titan?
Bond Titan is a nationwide surety bond storefront powered by The Southern Agency, built so you can buy the exact bond you need without an agent middleman slowing you down. Our catalog covers California HOA and condo association fidelity bonds specifically, so you're not getting a generic form — you're getting the right product for your association's legal and lender requirements. Fast, online, and direct: that's the Bond Titan model.