AB 2598 Assembly Bill - Vote Information
The Steinberg bill, which passed in the Assembly 69-10 on May 27, has now passed the Senate, 33-1. See my post yesterday (8/27), where I linked to the latest analyis after amendments. This is a major reform bill that changes the rules for foreclosure quite significantly, and also addresses signage and record access for owners. Here's the lead of the analysis:

"This bill enacts numerous changes to the Davis-Stirling Act. Most significantly, this bill prohibits the use of judicial or nonjudicial foreclosure to collect unpaid assessments under $2,5000 and implements new procedures to be followed when judicial or nonjudicial foreclosure is used to collect unpaid homeowner association assessments $2,500 and over. It changes the minimum bid price for a separate interest being sold in nonjudicial foreclosure to 90 percent of the exterior-only appraised value minus senior liens, and creates a 90-day right of redemption for a separate interest sold in nonjudicial foreclosure.This bill also extends the areas on which a separate interest owner may display certain noncommercial signs, posters, flags or banners, expands the categories of association records the members are entitled to inspect and copy to include contracts to which the association is or has been a party, and expands the categories of association records the members are entitled to inspect and copy to include the records of community service organizations."