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8 Collections Mistakes That Could Cost You Big

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3 MISTAKE #1: NOT CONSULTING GOVERNING DOCUMENTS OR LAWS HOA governing documents are legally binding documents that explain how a community is governed. In them, you'll find details about the process for collecting unpaid dues, the rights of the board in enforcing the rules, and the rights of homeowners to question or contest enforcement measures. Without referring to the governing documents on collections procedures, board members risk getting themselves and the community into legal trouble. Similarly, boards must also be aware of the local and state-level laws related to collections efforts. These additional regulations can often be difficult to decipher. Always lean on the guidance of an HOA attorney for proper collections enforcement. 2 3 4 5 6 7 8 9 10 11 12

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