Section 5705 - Decision to Foreclose

(c) The decision to initiate foreclosure of a lien for delinquent assessments that has been validly recorded shall be made only by the board and may not be delegated to an agent of the association. The board shall approve the decision by a majority vote of the directors in an executive session. The board shall record the vote in the minutes of the next meeting of the board open to all members. The board shall maintain the confidentiality of the owner or owners of the separate interest by identifying the matter in the minutes by the parcel number of the property, rather than the name of the owner or owners. A board vote to approve foreclosure of a lien shall take place at least 30 days prior to any public sale.

Section 1367.4 - Foreclosure of Assessment Liens

(c)(2)    The decision to initiate foreclosure of a lien for delinquent assessments that has been validly recorded shall be made only by the board of directors of the association and may not be delegated to an agent of the association.  The board shall approve the decision by a majority vote of the board members in an executive session.  The board shall record the vote in the minutes of the next meeting of the board open to all members.  The board shall maintain the confidentiality of the owner or owners of the separate interest by identifying the matter in the minutes by the parcel number of the property, rather than the name of the owner or owners.  A board vote to approve foreclosure of a lien shall take place at least 30 days prior to any public sale.

Changes

5705.1367.4 (c) (2) (c) The decision to initiate foreclosure of a lien for delinquent assessments that has been validly recorded shall be made only by the board of directors of the association and may not be delegated to an agent of the association.  The board shall approve the decision by a majority vote of the board membersdirectors in an executive session.  The board shall record the vote in the minutes of the next meeting of the board open to all members.  The board shall maintain the confidentiality of the owner or owners of the separate interest by identifying the matter in the minutes by the parcel number of the property, rather than the name of the owner or owners.  A board vote to approve foreclosure of a lien shall take place at least 30 days prior to any public sale.