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CollectionPolicy_2023.pdf
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🔗 Source: antelopepoa.com
📊 Size: 196 KB
👤 Author: kmorrow
⬇️ Downloads: 112

Summary

The Antelope Property Owners Association, Inc. has a collection policy and procedure to comply with the Colorado Common Interest Ownership Act (CCIOA). Key points include:
- Annual assessment payments are due March 1st, with late charges of $50 imposed 15 days after the due date.
- Unpaid assessments result in a lien on the property, and the Association may record a notice of lien in county records.
- Delinquent owners' voting rights and recreational facility usage may be suspended.
- The Association is entitled to recover reasonable attorney's fees and collection costs.
- Payments are applied first to assessments, then to fines, fees, or other charges.
- Monthly statements are sent to owners with outstanding balances, itemizing assessments, fines, fees, and charges.
- Before turning over a delinquent account to a collection agency or attorney, the Association must send a notice of delinquency, specifying the total amount due, opportunity for a payment plan, and potential consequences of non-payment.
- The Association will attempt to contact owners via certified mail, text message, or email before taking legal action.
- Owners may designate an alternate contact for notices and correspondence.
- The Association maintains a record of notifications regarding delinquencies.
- Payment plans may be set up to pay off deficiencies in equal installments over a minimum period.

Description

The Antelope Property Owners Association, Inc. has a collection policy and procedure to comply with the Colorado Common Interest Ownership Act (CCIOA).

Technical Information

  • File Format: PDF
  • File Size: 196 KB
  • Pages: 5
  • Language: EN
  • Author: kmorrow
  • Total Downloads: 112
  • Last Updated: 1 month ago

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