Nevada HOA Reserve Fund Requirements (2026)
NRS 116.3115 (Nevada Uniform Common-Interest Ownership Act)
No
Governed by your CC&Rs and bylaws
None
No statutory minimum funding; NRS 116.3115 requires a reserve policy but does not mandate a specific funding level
Yes
NRS 116.3115 requires HOAs to adopt a reserve policy and disclose current reserve balances and projected major expenditures in the annual budget. A reserve study is strongly recommended but not legally required.
No
No legislative change after Surfside
- NRS 116.3115 requires HOAs to adopt a reserve policy covering projected major expenditures
- Annual budget must disclose current reserve balance and projected contributions
- No state law mandates a professional reserve study
- No statutory minimum funding percentage
- Fannie Mae and FHA guidelines apply regardless of state law
NRS 116.3115 requires HOAs to adopt a reserve policy and disclose current reserve balances and projected major expenditures in the annual budget. A reserve study is strongly recommended but not legally required.
Fannie Mae requires HOA to allocate at least 10% of assessments to reserves or demonstrate a 10% funding ratio. FHA requires similar. Low reserve funding can block unit sales and refinancing.
Fannie Mae requirement
Minimum 10% of assessments allocated to reserves, or a demonstrated 10% funding ratio. Associations below this threshold may face loan-level pricing adjustments or deal failure.
FHA requirement
Similar 10% minimum allocation. FHA-backed financing unavailable for units in HOAs that do not meet the threshold, reducing the buyer pool and depressing values.
- Nevada law requires a reserve policy — ensure your board has adopted one and it is reflected in the annual budget
- Commission a full reserve study even though none is legally required — it supports your reserve policy
- Aim for 70%+ funded status to avoid Fannie Mae and FHA flags
- Nevada's desert climate and UV exposure can accelerate pavement and exterior coating degradation
- Review reserve contributions annually
Related tools for Nevada HOA boards
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Start 14-Day Free TrialThis page provides general legal information about Nevada HOA reserve requirements only — not legal advice. Reserve laws vary by community type (planned community vs. condominium) and change frequently. Always consult a licensed Nevada HOA attorney and review your governing documents for advice specific to your situation. Statute citations accurate as of 2026.