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2020 California Code
Civil Code - CIV
DIVISION 4 - GENERAL PROVISIONS
PART 5.3 - Commercial and Industrial Common Interest Developments
CHAPTER 7 - Assessments and Assessment Collection
ARTICLE 3 - Assessment Collection
Section 6826.
Universal Citation:
CA Civ Code § 6826 (2020)
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6826.
(a) An association may not voluntarily assign or pledge the association’s right to collect payments or assessments, or to enforce or foreclose a lien to a third party, except when the assignment or pledge is made to a financial institution or lender chartered or licensed under federal or state law, when acting within the scope of that charter or license, as security for a loan obtained by the association.
(b) Nothing in subdivision (a) restricts the right or ability of an association to assign any unpaid obligations of a former member to a third party for purposes of collection.
(Added by Stats. 2013, Ch. 605, Sec. 21. (SB 752) Effective January 1, 2014.)
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