20181213001516190 LEWIS RANCH HOMEOWNERS ASSOCIATION, INC.
COLLECTION POLICY WHEREAS, the Declaration of Lewis Ranch Homeowners Association was recorded on 03/05/2018 as Document Number 20180305000268190 in the Real Property Records of Collin County, Texas; WHEREAS, the Board of Directors has established these reasonable guidelines regarding collection of delinquent homeowner payments; THEREFORE, THE BOARD OF DIRECTORS HEREBY RESOLVES THAT, as of November 29, 2018 the Board of Directors adopts the following Collection Policy (Policy'): Collection of Association Dues Homeowner's dues, one-time or special assessments, late charges, interest and collection costs, including any attorneys' fees are the personal obligation of the owner of the property at the time the dues or other sums are levied.
Regular monthly homeowner's dues are due and payable on the January 1st. All other assessments or sums owed are due and payable on the date specified by the Board (or Managing Agent) on the notice of assessment.
One-time assessments will be noticed at least thirty (30) days prior to the due date.
Below is a table and timeline of Collection Activity and Fees associated with any dues, one-time or special assessments that are not paid in a timely manner.
Late Date Ten (10) Days Past Due Date Thirty (30) Days Past Due Date Sixty (60) Days Past Due Date Action to be Taken Initial Collection Notice to be mailed via regular US mail Second Collection Notice to be mailed via regular US mail Third Collection Notice to be mailed via regular US mail • Late Charges/Interest/Collection Fees Late Fee of $30.00 will be applied to the homeowner's account Subsequent Collection Fees may be placed by Managing Agent consistent with Texas Legislation and Management Contract
erest/Collection Fees Late Fee of $30.00 will be applied to the homeowner's account Subsequent Collection Fees may be placed by Managing Agent consistent with Texas Legislation and Management Contract Late Fee of $30.00 will be applied to the homeowner's account Subsequent Collection Fees may be placed by Managing Agent consistent with Texas Legislation and Management Contract • Late Fee of $30.00 will be applied to the homeowner's • account with Texas • Subsequent Collection Fees may be placed by Managing Agent consistent Legislation and Management Contract LEWIS RANCH HOMEOWNERS ASSOCIATION, INC.
COLLECTION POLICY WHEREAS, the Declaration of Lewis Ranch Homeowners Association was recorded on 03/05/2018 as Document Number 20180305000268190 in the Real Property Records of Collin County, Texas; WHEREAS, the Board of Directors has established these reasonable guidelines regarding collection of delinquent homeowner payments; THEREFORE, THE BOARD OF DIRECTORS HEREBY RESOLVES THAT, as of November 29, 2018 the Board of Directors adopts the following Collection Policy (Policy'): Collection of Association Dues Homeowner's dues, one-time or special assessments, late charges, interest and collection costs, including any attorneys' fees are the personal obligation of the owner of the property at the time the dues or other sums are levied.
Regular monthly homeowner's dues are due and payable on the January 1st. All other assessments or sums owed are due and payable on the date specified by the Board (or Managing Agent) on the notice of assessment.
One-time assessments will be noticed at least thirty (30) days prior to the due date.
Below is a table and timeline of Collection Activity and Fees associated with any dues, one-time or special
sment.
One-time assessments will be noticed at least thirty (30) days prior to the due date.
Below is a table and timeline of Collection Activity and Fees associated with any dues, one-time or special assessments that are not paid in a timely manner.
Late Date Action to be Taken Ten (10) Days Past Due Date Thirty (30) Days Past Due Date Sixty (60) Days Past Due Date Initial Collection Notice to be mailed via regular US mail Late Charges/Interest/Collection Fees Late Fee of $30.00 will be applied to the homeowner's account • Subsequent Collection Fees may be placed by Managing Agent consistent with Texas Legislation and Management Contract Second Collection Notice to be Late Fee of $30.00 will be mailed via regular US mail Third Collection Notice to be mailed via regular US mail applied to the homeowner's account Subsequent Collection Fees may be placed by Managing Agent consistent with Legislation and Management Contract Texas • Late Fee of $30.00 will be applied to the homeowner's account • Subsequent Collection Fees may be placed by Managing Agent consistent with Texas Legislation and Management Contract LEWIS RANCH HOMEOWNERS ASSOCIATION, INC.
COLLECTION POLICY Ninety (90) Days Past Due Date 120 Days Past Due Date 150 Days Past Due Date [Signatory Page to Follow] Final Collection Notice to be mailed via regular US mail and certified return receipt Referral to Attorney Notice to be mailed via regular US mail and certified return receipt Account will be turned over to the Association's Collection attorney and Collection Activity will continue pursuant to requirements outlined in Texas Legislature and the Fair Debt Collection Act.
Late Fee of $30.00 will be applied to the homeowner's account • Subsequent Collection Fees may be placed by Managing Agent
requirements outlined in Texas Legislature and the Fair Debt Collection Act.
Late Fee of $30.00 will be applied to the homeowner's account • Subsequent Collection Fees may be placed by Managing Agent consistent with Texas Legislation and Management Contract Late Fee of $30.00 will be applied to the homeowner's account Subsequent Collection Fees may be placed by Managing Agent consistent with Texas Legislation and Management Contract Late Fee of $30.00 will be applied to the homeowner's account every thirty (30) days that payment is not received Subsequent Collection Fees may be placed by Managing Agent consistent with Texas Legislation and Management Contract • Subsequent Attorney Fees may be placed by the Association's attorney consistent with Texas Legislation and Attorney Agreement LEWIS RANCH HOMEOWNERS ASSOCIATION, INC.
COLLECTION POLICY The State of TEXAS The County of COLLIN Executed by S S 5- Tim Stewart Print Lewis Ranch Homeowners Association.
Sworn to me this WA Signature President, day of December 2018 by Tim Stewart President, Lewis Ranch Homeowners Association.
TARY TATE PUBLIC OF TEX Kylie M Profaca My Commission Expires 08/23/2022 ID No 131694380 Kupat Notary Public My Commission Expires After filing please return to: VISION COMMUNITIES MANAGEMENT, Inc., 5757 Alpha Rd, Suite 680, Dallas, Texas, 75240 LEWIS RANCH HOMEOWNERS ASSOCIATION, INC.
COLLECTION POLICY The State of TEXAS The County of COLLIN S Executed by Tim Stewart Print Lewis Ranch Homeowners Association.
Signature , President, Sworn to me this.
day of December Lewis Ranch Homeowners Association.
2018 by Tim Stewart President, SARY PUBLIC TEX OF T Kylie M Profaca My Commission Expires 08/23/2022 ID No 131694380 Notary Public My Commission Expires
of December Lewis Ranch Homeowners Association.
2018 by Tim Stewart President, SARY PUBLIC TEX OF T Kylie M Profaca My Commission Expires 08/23/2022 ID No 131694380 Notary Public My Commission Expires After filing please return to: VISION COMMUNITIES MANAGEMENT, Inc., 5757 Alpha Rd, Suite 680, Dallas, Texas, 75240 OF COLLIN Filed and Recorded Official Public Records Stacey Kemp, County Clerk Collin County, TEXAS 12/13/2018 11:20:35 AM $34.00 DFOSTER 20181213001516190 Spaceship