California HOA or Condo Association Employee Theft POSITION SCHEDULE Bond
Overview
Get your California HOA or Condo Association Employee Theft Position Schedule Bond in place and give your community's board, members, and management company documented proof that designated positions handling association funds are covered against theft and dishonesty. This is a fidelity bond structured around specific positions — not named individuals — meaning coverage follows the role regardless of who fills it. California community associations are exposed to real financial risk when employees or managers handle dues, reserve funds, or vendor payments without this protection. Bonding the position is the standard used by well-governed associations statewide.
Who Needs This Bond?
Homeowners associations, condominium associations, and their professional community management companies operating in California are the principals on this bond. Any association where a specific position — such as a treasurer, bookkeeper, accounts payable clerk, or property manager — has access to association funds needs this coverage. If your CC&Rs, governing documents, lender requirements, or state law require you to demonstrate financial safeguards over employee positions, this bond satisfies that requirement. It applies to both self-managed associations and those working through a third-party management firm.
What is this Bond For?
This bond protects the HOA or condo association — the obligee — from financial losses caused by theft, fraud, or dishonest acts committed by employees or personnel in covered positions. Because it's a position schedule bond, coverage is tied to each listed role rather than to a specific individual, which simplifies administration when staff turns over. If someone in a covered position steals association funds, the bond provides a financial remedy to make the association whole. It is not a general liability policy — it is specifically designed to address employee dishonesty risk in common-interest developments.
When is it Required?
Bonding becomes mandatory the moment your association's governing documents, lender covenants, or California statutory guidance for common-interest developments requires evidence of fidelity coverage over positions that control funds. Many associations discover this requirement during a mortgage lender review, a reserve study audit, or when onboarding a new management company that requires the association to carry its own coverage. Associations seeking FHA or Fannie Mae certification for individual unit financing are also frequently required to carry this bond. Do not wait for a compliance deficiency notice — get bonded before the requirement surfaces.
Where Does it Apply?
This bond is statewide and applies to any HOA or condo association operating anywhere in California. There is no county or city restriction — the bond follows the association's California-registered common-interest development. Whether your community is in Los Angeles, Sacramento, San Diego, or a smaller municipality, the same position schedule bond structure applies.
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. Complete the application with your association's information and the positions you need scheduled on the bond. Once approved, your bond documents are delivered digitally — no waiting, no agent callbacks.
Why Bond Titan?
Bond Titan is powered by The Southern Agency and built for buyers who need to get bonded fast without navigating agent queues or paper applications. Our nationwide catalog includes California HOA and condo association fidelity bonds that most local agencies don't stock. Buy online, get your documents, and satisfy your compliance requirement today.