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5.10.4 Annual Policy Statement. The Board shall distribute an annual policy statement that <br />provides the Member with information about Association policies, which shall include the following <br />information: <br />(i) The name and address of the person designated to receive official notices sent to the <br />Association, pursuant to Civil Code section 4035. <br />(ii) A statement explaining that a Member may submit a request to have notices sent to <br />up to two different specified addresses, pursuant to Civil Code section 4040(b). <br />(iii) The location, if any, designated for posting of a general notice, pursuant to Civil Code <br />section 4045(a)(3). <br />(iv) Notice of a Member's option to receive general notices by individual delivery, <br />pursuant to Civil Code section 4045(b). <br />(v) Notice of a Member's right to receive copies of meeting minutes, pursuant to Civil <br />Code section 4950(b). <br />(vi) The statement of assessment collection policies required by Civil Code section 5730. <br />(vii) A statement describing the Association's policies and practices in enforcing lien rights <br />or other legal remedies for default in the payment of assessments. <br />(viii) A statement describing the Association's discipline policy, if any, including any <br />schedule of penalties for violations of the Governing Documents pursuant to Civil Code section 5850. <br />(ix) A summary of dispute resolution procedures, pursuant to Civil Code sections 5920 <br />and 5965. The summary required by Civil Code section 5965 shall include the following language: <br />"Failure of a member of the association to comply with the alternative <br />dispute resolution requirements of Section 5930 of the Civil Code may <br />result in the loss of the member's right to sue the association or another <br />member of the association regarding enforcement of the governing <br />documents or the applicable law." <br />(x) A summary of any requirements for Association approval of a physical change to <br />property, pursuant to Civil Code section 4765. <br />(xi) The mailing address for overnight payment of assessments, pursuant to Civil Code <br />section 5655. <br />(xii) The annual policy statement shall include the notice required by Civil Code section <br />5730(a) in at least 12 -point type. <br />(xiii) Any other information that is required by law or the Governing Documents or that the <br />Board determines to be appropriate for inclusion. <br />5.10.5 Transfer Documents. Copies of the transfer documents described in Civil Code <br />section 4525 shall be provided to any Owner or any other recipient requested by Owner within ten (10) days <br />of the mailing or delivery of a written request. The transfer documents shall be provided and reasonable fees <br />charged in accordance with the procedures, requirements and restrictions set forth in Civil Code section 4530. <br />5.11 Enforcement of Bonded Obligations. If the Association is the obligee under a bond or other <br />arrangement ("Bond") to secure performance of the commitment of the Declarant or a successor or assign to <br />EDNB\53295\996553.3 17 August 18, 2016 <br />