Round Rock Owners Association, Inc.

What Round Rock Owners Association, Inc.'s governing documents say

This is a Collection Policy for the Round Rock Homeowners Association Inc., a standard single-family HOA in Allen, Texas. It details the procedures and fees for collecting annual assessments from homeowners. This document is a standalone policy, not the full set of governing rules.

• Assessment due dates & delinquency: Assessments are payable annually, due January 1 of each year. They become delinquent 30 days after the due date.
• Late fees: If an assessment is not received within 45 days of the due date, a $25 late fee is added, and the same fee repeats every 30 days until paid.
• Notice & default process: The association may send a Late Invoice after 30 days, a Notice of Delinquency after 45 days, and a Notice of Default after 75 days (or 30 days after the late notice).
• Suspension of privileges: Owners and their family members not in good standing as of the 45-day delinquent date may have their use of common properties suspended after notice and a board hearing.
• Liens & foreclosure: The association may record a Notice of Lien and update it as needed. Continued delinquency may lead to foreclosure, as determined by the board.
• What this document doesn't cover: This collection policy does not cover other HOA rules such as architectural guidelines, pet restrictions, rental policies, or use restrictions. Those are found in the community's declaration and other governing documents.

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.