Sections
9 entriesSection 5700Allows an assessment lien, except as otherwise provided in the article, to be enforced by legally permitted methods after 30 days have…Section 5705Requires preforeclosure dispute resolution for assessment debts arising on or after January 1, 2006, with the owner choosing the process except no…Section 5710Requires trustee sales to follow the referenced mortgage and deed-of-trust sale procedures and requires the association to serve the notice of default…Section 5715Establishes a right of redemption for nonjudicial association foreclosures collecting assessment debts arising on or after January 1, 2006. The separate interest…Section 5720Bars foreclosure for delinquent regular or special assessments under $1,800, excluding listed added charges, for debts arising on or after January 1,…Section 5725Allows a common-area damage reimbursement charge caused by a member, guest, or tenant to become a sale-enforceable lien when governing documents authorize…Section 5730Requires the annual policy statement to include an at least 12-point assessment-and-foreclosure notice stating 15-day delinquency timing, foreclosure thresholds of $1,800 or…Section 5735Prohibits an association from voluntarily assigning or pledging its collection, assessment, lien-enforcement, or foreclosure rights to a third party, except to a…Section 5740Establishes that, except as otherwise provided, the article governs liens created on or after January 1, 2003. A lien created before January…