California AB2439 regulates assessments and notices for common interest developments.

California AB2439 amends the Civil Code to establish procedures for common interest development associations regarding assessments and notices. The association must provide a mailing address for overnight payment of assessments in the annual policy statement. If the entity authorized to receive payments changes, the association must notify members individually within 60 days. Failure to pay two consecutive assessments triggers a certified mail notice. The association must also post a physical copy of the notice in common areas and maintain records of notices sent.

California AB2439 regulates assessments and notices for common interest developments.

California AB2439 amends the Civil Code to establish procedures for common interest development associations regarding assessments and notices. The association must provide a mailing address for overnight payment of assessments in the annual policy statement. If the entity authorized to receive payments changes, the association must notify members individually within 60 days. Failure to pay two consecutive assessments triggers a certified mail notice. The association must also post a physical copy of the notice in common areas and maintain records of notices sent.