| Day 1 |
Assessments are due (normally the 1st day of the month). |
|
16 |
A late fee of 10% or
$10.00, whichever is greater (unless CC&Rs specify a smaller amount) may be levied 15 days after assessments are due. Civil Code §1366(e)(2). However, the 15-day period may be longer if an association's governing documents so specify.
|
|
30 |
The association may charge interest at 12% per annum (unless the CC&Rs set
a lower
rate). Civil Code §1366(e)(3). |
|
46 |
Pre-lien letter with copy
of the association's assessment collection policy and notice of owner's
right to meet and confer (IDR). Civil Code §1367.1(a). |
| 76 |
Record lien against the property (Notice of
Delinquent Assessment) and give notice of right to IDR or ADR. Civil Code §1367.1(c)(2). |
| 166 |
Notice of Default and Election to Sell. |
| 256 |
Sale of Unit and start of 90-day redemption period.
|
| 346 |
Owner's redemption rights terminate. |