PURPOSED 2021 COLLECTION PROCEDURES FOR DELINQUENT ACCOUNTS
1.First Month -
All dues/fees are due on the first of each month. A late charge of $25.00 will be placed on any account that is not paid by the 10th day of the month. A late notice will be mailed for all dues/fees to those accounts having a late charge.
2.Second Month -
After the fifteenth of the month, a reminder is sent, from our management company, on any account two (2) months past due for all dues/fees.
3.Third Month -
On or right after the fifteenth, a letter is sent from the Association’s attorney, requesting payment for all dues/fees (The cost and attorney fee is charged to the homeowner.)
4.Fourth Month -
At the fifteenth day of the fourth month, with Board approval. Legal proceedings are started. These could include filing a lien or filing for foreclosure. (The cost and attorney fee is charged to the homeowner.)
Fifth Month -
On the fifteenth day of the fifth month, foreclosure filing begins for all dues/fees. (The cost and attorney fee is charged to the homeowner.)