Ingram Terrace Homeowners Association, Inc.

What Ingram Terrace Homeowners Association, Inc.'s governing documents say

Ingram Terrace is a standard single-family homeowners association (HOA) in Murphy, TX. This document is a management certificate and collection policy, not the full declaration of covenants. It establishes fees and procedures for resales and delinquent assessments, binding all owners.

• Resale & transfer fees: Resale certificate: $375. Transfer fee: $250. Optional inspection fee: $150. Working capital contribution: $600.
• Assessment payment & delinquency: Annual assessments are due January 1. Assessments become delinquent 30 days after the due date. A $25 late fee accrues every 30 days until paid.
• Late payment notices & suspension of privileges: The association may send a Late Invoice after 30 days, a Notice of Delinquency after 45 days (by certified mail), and may suspend the owner's (and family's) use of common properties after 45 days delinquent, following notice and a hearing.
• Notice of Default & legal action: After 60 days, a Notice of Default may be sent. After 90 days, the association may file a Notice of Lien and sue for amounts owed, including attorney's fees.
• Foreclosure: Continued delinquencies may lead to foreclosure, as determined by the Board of Directors.
• What this document doesn't cover: This document is a partial ancillary record (management certificate and collection policy). It does not provide the full CC&Rs, so rules on architectural review, pets, rentals, parking, or use restrictions are not included here.

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.