Watermark on Lake Ray Hubbard Owners Association, Inc.

What Watermark on Lake Ray Hubbard Owners Association, Inc.'s governing documents say

This is a collection policy for Watermark at Lake Ray Hubbard Homeowners Association, Inc., a standard single-family HOA. It binds homeowners and covers how the association handles overdue assessments, late fees, notices, and suspension of common-area privileges. This document is ancillary—it does not contain the full governing rules of the community.

• Late fees: Assessments not received and processed within 45 days after the due date incur a late fee. Additional fees, including attorney fees and interest, are added to the amount due.
• Notice of delinquency: The association will send a Notice of Delinquency via certified mail listing past due amounts and contact information for payment. A subsequent Notice of Default may follow, giving the owner 30 days to cure and informing them of the right to request a payment plan.
• Suspended privileges: If an owner remains delinquent past 45 days, the association may suspend the owner’s (and their family’s) right to use common properties. The owner receives a notice and an opportunity to request a hearing before the board before suspension takes effect.
• Hearing process: The owner may request a hearing within 30 days of the Notice of Default; the association may postpone the hearing up to 15 days. At the hearing, the board or a representative presents the association’s case, and the owner may present relevant information.
• What this document doesn't cover: This policy does not include the full Declaration of Covenants, Conditions, and Restrictions (CC&Rs), architectural guidelines, pet rules, rental restrictions, or other community rules. It only addresses assessment collection procedures.

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.