Pebble Ridge Homeowners Association

What Pebble Ridge Homeowners Association's governing documents say

This is an assessment collection policy for Pebble Ridge Homeowners Association, a standard single-family HOA in Lewisville, TX. It governs how the HOA collects regular and special assessments from homeowners, including late fees, interest, payment plans, and lien procedures. This is an ancillary document—it does not contain the full HOA rules, only the collection process.

• What this document doesn't cover: This is not the full HOA rulebook. It only covers assessment collection; it does not include architectural guidelines, pet rules, leasing restrictions, or other community covenants.
• Assessments & due dates: Regular assessments are due on the first day of the month they are charged. Any assessment not paid by the due date is delinquent and remains delinquent until paid in full, including collection costs, interest, and late fees.
• Late fees & interest: If a regular assessment is not paid by the late date (the end of the grace period), the HOA may charge a late fee per month and interest at the highest rate allowed by Texas usury laws. The HOA may also charge a fee for returned checks (NSF).
• Payment plans: Delinquent owners may request a payment plan with a term of at least 3 months and up to 18 months. The HOA may charge reasonable administrative costs and interest for the plan.
• Collection procedures & timeline: The HOA follows a step-by-step process: sends an initial collections letter (allowing 30 days to pay or dispute), orders a title search, sends a notice of intent to file a lien (with 90 days to pay), files a lien if unpaid, sends a final demand letter (45 days to pay or request a hearing), and then forwards the account to an attorney or collection agency.
• Lien & foreclosure: The HOA may record a lien against the property for unpaid assessments. If the owner pays in full after a lien is filed, the HOA will record a release of lien at no additional charge. The HOA may also accelerate installment payments for special assessments after 15 days' notice of default.
• Suspension of amenities: If an owner's account is delinquent for at least 30 days, the HOA may suspend the owner's (or tenant's) use of common area amenities.
• Payment application & restrictions: Payments are applied in a specific order: delinquent assessments, current assessments, attorney fees, fines, and other amounts. The HOA may refuse partial payments or payments with conditions, and cash is not accepted for delinquent accounts.

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.