The HOA Board Quarterly Fall 2014 Issue #11 | Page 4

It’s The Law - continued significantly increase the cost of the system or significantly decrease its efficiency or specified performance. The term “significantly” is currently defined as an amount exceeding 20% of the cost (for water heating systems) or in an amount not to exceed $2,000 (for photovoltaic systems), or decreasing the efficiency of the system by an amount exceeding 20%. The amendment changes the definition of “significantly” to mean an amount exceeding 10% of the cost of the system, not to exceed $1,000 (water heating systems), or an amount not to exceed $1,000 (for photovoltaic systems), or decreasing system efficiency in an amount exceeding 10%. Also, the amount of time that an association has to approve or deny an owner’s application to install a solar energy system has also been amended from 60 days to 45 days. documents to a prospective purchaser be separately stated and billed from other charges. The seller is responsible for compensating an association and other persons or entities for providing these transfer documents. Sellers are to provide a prospective purchaser with current documents that the seller possesses free of charge and prohibits a seller from giving a prospective purchaser the required documents bundled with other documents. Conforming changes are made to the form set forth in Section 4528. AB 1738 - Amends Civil Code Sections 5910 to provide that a settlement agreement signed by the parties in Internal Dispute Resolution, that is not in conflict with the law or the governing documents, is judicially enforceable and binding on the parties. Also amends Civil Code Section 5915 to allow either party to be assisted by an attorney or another person, at their sole cost, at the IDR meeting. Brian Blackwell, CCAM, CEO / Senior Manager West Coast Management Firm, Inc. 619.704.7393 [email protected] or visit them at www.westcoastmanagement.com Assembly Bill 2430 - Amends Civil Code Sections 4528 to require the association’s cost for providing required 4 | The HOA Board Quarterly | Issue #11 | Fall 2014 Remember, today’s homeowner complaint may well be tomorrow’s law. Talk to your manager or legal counsel for information on updated and new laws and/or classes and programs that offer educational opportunities. HOA Contributed by;