Section 5. Notice of Delinquency; Collection Efforts

FCHOA Bylaws - Revision Date: 2022-05-20

The Association shall cause a notice of delinquency to be given to any Member who has not paid Assessments within ten (10) days following the due date or such other date as established from time to time by the Board.  If the Assessment is not paid within thirty (30) days of the due date, the delinquency shall include the late charge, interest on the principal amount due, all costs of collection, postage/delivery charges, administrative fees, reasonable attorney's fees, court costs if expended, and any other amounts provided or permitted by law.  In the event that the assessment remains unpaid after sixty (60) days, the Association may, as the Board shall determine, institute suit to collect such amounts, file a lien and proceed with foreclosing its lien, and take any other appropriate legal action to collect such amounts.