(a) "Common interest development" means a residential development identified in subdivision (c) of Section 1351 of the Civil Code.

(b) "Community association" means a nonprofit corporation or unincorporated association created for the purpose of managing a common interest development. A community association is an "association" as defined in subdivision (a) of Section 1351 of the Civil Code.

(c) "Financial services" means an act performed or offered to be performed, for compensation, for a community association including, but not limited to, the preparation of internal unaudited financial statements, internal accounting and bookkeeping functions, billing of assessments, and related services.

(d) "Management services" means an act performed or offered to be performed in an advisory capacity for a community association including, but not limited to, the following: 

(1) Administering or supervising the financial or common area assets of a community association or common interest development, at the direction of the community association's governing body. 

(2) Implementing resolutions and directives of the board of directors of the community association elected to oversee the operation of a common interest development. 

(3) Implementing provisions of governing documents, as defined in Section 1351 of the Civil Code, which govern the operation of the community association or common interest development. 

(4) Administering a community association's contracts, including insurance contracts, within the scope of the community association's duties or with other common interest development managers, vendors, contractors, and other third-party providers of goods and services to a community association or common interest development.

(e) "Professional association for common interest development managers" means an organization that meets all of the following: 

(1) Has at least 200 members or certificants who are common interest development managers in California. 

(2) Has been in existence for at least five years. 

(3) Operates pursuant to Section 501(c) of the Internal Revenue Code. 

(4) Certifies that a common interest development manager has met the criteria set forth in Section 11502 without requiring membership in the association. 

(5) Requires adherence to a code of professional ethics and standards of practice for certified common interest development managers.

Updated by ADAMS KESSLER 6/30/2008