2011 Legislation: SB 561

Bill Author: 
Corbett
Subject: 
Third Party Collections
Status: 
In Asm Judiciary. Two-year bill.
Sponsor: 
CARA, CCHAL

Would prohibit an association from assigning or pledging the association's right to collect payments or assessments to a 3rd party, or to contract with a 3rd party to collect delinquent payments or assessments, unless the 3rd party agrees to comply with the same requirements imposed on the association.

ECHO Position: 
Oppose