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Changes to WA Law: Collection of Delinquent Assesments
1h 19m
This presentation will provide an overview of SB 5686, focusing on its key provisions, the new rights granted to delinquent owners, and the updated procedures associations must follow when collecting delinquent assessments—including revised prerequisites for foreclosing on an association’s lien. We will explore how an Association’s collections policy can be leveraged to ensure compliance with these new requirements, as well as offer practical strategies to equip Associations with the knowledge and tools needed to navigate SB 5686 and uphold best practices in delinquent assessment collection.