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HOA Collections Policy Quick Tips

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5 TIP 1: CHECK YOUR GOVERNING DOCUMENTS. Before doing anything else, you'll want to make sure your collections policy is aligned with your governing documents. In your governing documents, you'll find bylaws, rules and regulations, as well as codes, covenants, and restrictions (CC&Rs). These guidelines inform the fundamental aspects of collections in your association, including the rights that the board and residents have, how delinquencies will be managed, and how violations may be enforced. Follow your governing documents to understand your limitations before taking any action. C 3 4 5 6 7 8 9 10 11 12 13 14 15

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