SB 3527

Amends the Common Interest Community Association Act and the Condominium Property Act. Requires an association under both Acts to adopt policies and procedures concerning the collection of unpaid assessments. Prohibits an association or a holder or assignee of the association's debt from taking legal action to collect common expenses unless the association has adopted a written policy governing the collection policy for unpaid assessments. Specifies what the policy, at a minimum, must contain.