The Parks at Raiford Crossing Owners Association, Inc.

What The Parks at Raiford Crossing Owners Association, Inc.'s governing documents say

This is a collection policy for the Parks at Raiford Crossing Owners' Association, a homeowners' association (HOA) in Denton County, Texas. It outlines how the association collects overdue assessments, including late fees, notices, payment plans, liens, and foreclosures. This is not the community's full set of rules — it only addresses debt collection procedures for owners who fail to pay HOA assessments.

• Late fees & penalties: Assessments not paid by the due date incur a $25 late fee, which repeats every 30 days until the account is paid in full. Additional handling, attorney’s fees, interest, and other collection charges are added to the amount owed.
• Delinquency notices & suspension of privileges: After a delinquency, the association sends a Notice of Delinquency by certified mail listing amounts owed. Members (including family) not in good standing as of the 45-day delinquent date can have their common-property privileges suspended until they restore good standing, after notice and an opportunity for a hearing.
• Payment plans: Owners may request a payment plan to pay overdue assessments. Entering a payment plan may add a monthly administrative charge to the account balance, which continues until the full balance is paid.
• Liens & foreclosure: After about 110 days past due, the account is referred to an attorney for a demand letter. If still unpaid, the association’s legal counsel may file a Notice of Lien after about 90 days from the Notice of Default, and may update the lien to secure payment. Continued delinquency can lead to a lawsuit and foreclosure, as decided by the Board.
• What this document doesn't cover: This policy does not describe general community rules such as architectural standards, pet restrictions, leasing rules, or maintenance obligations. Those are presumably in the Amended and Restated Declaration of Covenants, Conditions and Restrictions referenced in the policy.

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.