As of January 1, 2006, Senate Bill 137 takes effect and the civil code sections regarding assessment collection drastically alter the collection process. In addition, the new law will prohibit associations from foreclosing on an assessment lien unless the amount of assessments owed (not including costs or interest) is $1,800 or one year of delinquency has passed on any unpaid assessments.
Our attorneys have been diligently researching and deciphering every aspect of this new law. As a courtesy, SwedelsonGottlieb/Association Lien Services will be hosting a teleconference on Thursday, November 17, 2005, at 10:00 a.m., to explain new civil code changes. There will be time at the end of the conference for questions to be answered. Just prior to the audio conference call seminar we will send you, via email, an outline and timetable or you can download a copy at https://www.hoalawblog.com. If you cannot call in at the scheduled time, you will have the option of calling in later (within 24 hours from the scheduled call time) and listen to a recording of the conference call, questions asked and answers to questions.
To participate in our teleconference, please contact Jennie Swanson, (310) 207-2207 ext. 210 or jennie@sghoalaw.com, to receive the call-in number and password. An article on the new law is currently accessible on our blog site, https://www.hoalawblog.com, we recommend reviewing it prior to the teleconference to help formulate any questions you may want to ask.