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What is a Collection Policy? It is a policy adopted by the Board of Directors to establish a procedure for the handling of delinquent accounts. This policy establishes the perimeters of the due date, the delinquency date, and the penalties…

A homeowners association is a non-profit corporation comprised of owners within a common-interest community that have a mutual responsibility to maintain common elements of the community and provide governance of the community’s standards, establishing a sense of community and upholding…