Montgomery Farms Master POA

What Montgomery Farms Master POA's governing documents say

This is a collection policy (not the full CC&Rs) for Montgomery Farms Master POA, a master-planned community in Allen, TX. It explains the association's procedures for collecting overdue assessments—including late fees, notices, liens, and foreclosure—and applies to all property owners.

• Late payment consequences: If an assessment is not paid by the due date, a late fee (amount not specified here) is added, and interest and other charges (including attorney fees) accrue until paid. Owners may also lose access to common amenities if their account is more than 45 days delinquent.
• Notice procedures: The association sends a Notice of Late Payment no sooner than 45 days after the due date via certified mail, listing the amounts owed and contact information. A separate Notice of Default may precede a lien.
• Lien and foreclosure: If delinquency continues, the association’s legal counsel may file a Notice of Lien (attorney fees added to balance). The lien is not required for the assessment lien to be effective. The board may also consider foreclosure for continued non-payment.
• What this document doesn't cover: This policy only covers assessment collection. It does not include general community rules (e.g., pets, parking, leasing, architectural standards), governing structure, or any other restrictions. Refer to the full Declaration of Covenants, Conditions, and Restrictions (CC&Rs) for those rules.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.