Current as of January 01, 2019 | Updated by FindLaw Staff
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(a) Notwithstanding any law or any provisions of the governing documents to the contrary, this section shall apply to debts for assessments that arise on and after January 1, 2006.
(b) A nonjudicial foreclosure by an association to collect upon a debt for delinquent assessments shall be subject to a right of redemption. The redemption period within which the separate interest may be redeemed from a foreclosure sale under this paragraph ends 90 days after the sale. In addition to the requirements of Section 2924f, a notice of sale in connection with an association's foreclosure of a separate interest in a common interest development shall include a statement that the property is being sold subject to the right of redemption created in this section.
Cite this article: FindLaw.com - California Code, Civil Code - CIV § 5715 - last updated January 01, 2019 | https://codes.findlaw.com/ca/civil-code/civ-sect-5715.html
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