For your information, we have outlined below the Collection Policy for your Annual Assessment ('xx' equals year due)
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1/01/xx - Annual Assessment
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1/15/xx – Late Fee
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1/30/xx – 12% interest
Interest continues to be assessed monthly at 12% on the total amount of “assessments” outstanding.
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2/15/xx – Send a billing statement
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3/01/xx– Send an Intent to Report to Credit Agency/Monitoring Firms
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3/15/xx – Send to Credit Companies - $ 45.00 fee charged against owners account.
Continue each month adding the interest.
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6/15/xx – Send Intent to Lien
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7/01/xx– File Lien
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9/15/xx – Send Intent to Attorney
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10/01/xx– Send to Attorney
Below is the 2020 Budget and recent HOA financial statements approved by the Board of Directors for posting.