Earlier editions: 2020-112018-11
DIVISION 4. GENERAL PROVISIONS 3274-9566›PART 5.3. Commercial and Industrial Common Interest Developments 6500-6876›CHAPTER 7. Assessments and Assessment Collection 6800-6828›ARTICLE 3. Assessment Collection 6820-6828
§ 6826
California Civil Code · 2026-10 edition · updated 2026-10-04 · California
(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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