Bill > AB2439

This bill makes a minor, nonsubstantive change to existing law governing common interest developments, which are communities like homeowners associations (HOAs) where residents share ownership of common areas. Specifically, it amends Section 5650 of the Civil Code, which outlines how associations can collect delinquent assessments, meaning unpaid dues from homeowners. The bill clarifies that interest on delinquent assessments, collection costs, and attorney fees can be charged "pursuant to" the law, rather than "in accordance with" it, without altering the existing rules that allow for interest rates up to 12% annually, or a lower rate if specified in the development's governing documents, and that these charges can begin 30 days after the assessment is due.

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB2439