5600
Effective Jan 1, 2013Added by Stats. 2012, Ch. 180, Sec. 2. (AB 805) Effective January 1, 2013. Operative January 1, 2014, by Sec. 3 of Ch. 180.
- (a) Except as provided in Section 5605, the association shall levy regular and special assessments sufficient to perform its obligations under the governing documents and this act.
- (b) An association shall not impose or collect an assessment or fee that exceeds the amount necessary to defray the costs for which it is levied.