Section 5725 - No Liens for Monetary Penalties

(b) A monetary penalty imposed by the association as a disciplinary measure for failure of a member to comply with the governing documents, except for the late payments, may not be characterized nor treated in the governing documents as an assessment that may become a lien against the member's separate interest enforceable by the sale of the interest under Sections 2924, 2924b, and 2924c.

Section 1367.1 - Assessment Liens

(e)    Except as indicated in subdivision (d), a monetary penalty imposed by the association as a disciplinary measure for failure of a member to comply with the governing instruments, except for the late payments, may not be characterized nor treated in the governing instruments as an assessment that may become a lien against the member’s subdivision separate interest enforceable by the sale of the interest under Sections 2924, 2924b, and 2924c.

Changes

5725.1367.1

(b) (e)    Except as indicated in subdivision (d), a  A monetary penalty imposed by the association as a disciplinary measure for failure of a member to comply with the governing instrumentsdocuments, except for the late payments, may not be characterized nor treated in the governing instrumentsdocuments as an assessment that may become a lien against the member’s subdivision separate interest enforceable by the sale of the interest under Sections 2924, 2924b, and 2924c.