Association Dues are payable to The Shores Homeowners Association by January 31st or by the date shown on the invoice. After this date if the account balance remains unpaid it will be considered delinquent. It is the responsibility of the Homeowner to notify the Board if they do not receive their dues statement.
RETURNED CHECKS (NSF)
There will be a $30.00 charge added to the Homeowner’s account for any check that is returned for non-
DELINQUENCY POLICY ON FEES AND ASSESSMENTS
When an account remains unpaid by the end of the month in which it is due, the
Association sends a delinquency notice to the Homeowner, and the Homeowner’s account is assessed a late charge of $25. Interest at the rate of 18% per year will accrue until the account until paid in full. The Homeowner is sent a statement monthly until payment is made. It is the responsibility of the Homeowner to notify the Board if they do not receive their statement.
For accounts that remain deliquent for sixty (60) days, the Association’s attorney will issue a collection letter in the form of a “Demand for Payment” letter. The delinquent Homeowner’s account is charged the cost of attorney fees incured to issue the “Demand for Payment” letter. Additionally, the Board of Trustees for The Shores Homeowners Association may vote to suspend all Association voting privileges by the Homeowner until such time as the account becomes current.
A lien is automatically filed when an account becomes ninety (90) days delinquent, or at anytime prior thereto in the Board's sole discretion. The delinquent Homeowner’s account is charged the cost of filing the lien.
All fee payments made to a Homeowner‘s account after that account becomes delinquent will be applied to the oldest outstanding balance. Late charges will continue to be assessed on the outstanding balance until that account is current.
The Shores Homeowners’ Association
PO Box 127
Lewis Center, OH 43035
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