At least days prior to recording a lien upon the separate interest of the owner of record to collect a debt that is past due under

Section 5650, the association shall notify the owner of record in writing by certified mail of the following: (

a) A general description of the collection and lien enforcement procedures of the association and the method of calculation of the amount, a statement that the owner of the separate interest has the right to inspect the association records pursuant to

Section 5205, and the following statement in 14-point boldface type, if printed, or in capital letters, if typed: “IMPORTANT NOTICE: IF YOUR SEPARATE INTEREST IS PLACED IN FORECLOSURE BECAUSE YOU ARE BEHIND IN YOUR ASSESSMENTS, IT MAY BE SOLD WITHOUT COURT ACTION.” (

b) An itemized statement of the charges owed by the owner, including items on the statement which indicate the amount of any delinquent assessments, the fees and reasonable costs of collection, reasonable attorney’s fees, any late charges, and interest, if any. (

c) A statement that the owner shall not be liable to pay the charges, interest, and costs of collection, if it is determined the assessment was paid on time to the association. (

d) The right to request a meeting with the board as provided in

Section 5665. (

e) The right to dispute the assessment debt by submitting a written request for dispute resolution to the association pursuant to the association’s “meet and confer” program required in

Article 2 (commencing with

Section 5900) of

Chapter 10. (

f) The right to request alternative dispute resolution with a neutral third party pursuant to

Article 3 (commencing with

Section 5925) of

Chapter before the association may initiate foreclosure against the owner’s separate interest, except that binding arbitration shall not be available if the association intends to initiate a judicial foreclosure.