Chapter: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | Assessments and Assessment Collection
Article: 1 | 2 | 3 | Assessment Collection
Section: 5700 | 5705 | 5710 | 5715 | 5720 | 5725 | 5730 | 5735 | 5740 |

Section 5735 - Limitation on Assignment

(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.

Prior Law:  Old CID Section 1367.1(g)(1st)

Amended:  Statutes of 2012, Chapter 180

Similar to:  CI-CID Section 6826