Last night's meeting went relatively smoothly. The Board made strides in reshaping business practices to better suit you. We voted on a new policy for dues collection and delinquent accounts. Previously, the Board was charging interest and a late fee after 30 days, and then quickly turning delinquent accounts over to the attorney for collection within 45 days; this is no longer going to be the practice.
We have adopted a new policy that is more practical. Please click <HERE> to read the new policy.
The cliff notes version on the policy is this: The Board set a schedule on how and when to apply late fees, interest, and when to turn over the account for collections. We have also made it easier for anyone with financial hardships to make arrangements to avoid all the extra fees and we voted to reduce the interest rate from 18% down to 12%.