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SB 1511 (2008) c. 527

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SB 1511, c. 527: Common interest developments; mortgages. Allows an association, with respect to separate interests governed by the association, to record a request that a mortgagee, trustee, or other person authorized to record a notice of default regarding any of those separate interest mail to the association a copy of any trustee's deed upon sale concerning a separate interest, as specified.  Requires the mortgagee or trustee to mail that information to the association within 15 business days following the date the trustee's deed is recorded.  This bill specifies that failure to mail the request, pursuant to that provision, would not affect the title to real property.