Guides · Assessments, fines and fees
Can I get a payment plan if I fall behind?
The Association shall offer a payment plan to a delinquent owner, with a term of at least three months and at most twelve months from the date it is requested. You may be charged reasonable administrative costs and interest.
The Association decides the actual term in its sole and absolute discretion, but no longer than eighteen months. You are not entitled to a plan if you defaulted on a previous one in the last two years, and the Association does not have to offer one after the delinquency cure period runs out.
That is a summary in plain words. The passages below are what the documents actually say, and they are the authority.
What the documents say
The Association shall offer a payment plan to a delinquent Owner with a minimum term of at least three (3) months and a maximum term of twelve (12) months from the date the payment plan is requested for which the Owner may be charged reasonable administrative costs and interest.
Assessment Collection Policy, 3-BRead page 2 in the document
The Association will determine the actual term of each payment plan offered to an Owner in their sole and absolute discretion, but such term shall not be longer than eighteen (18) months.
Assessment Collection Policy, 3-BRead page 2 in the document
An Owner is not entitled to a payment plan if the Owner has defaulted on a previous payment plan in the last two (2) years.
Assessment Collection Policy, 3-BRead page 2 in the document
The Association is not required to make a payment plan available to a Member after the Delinquency Cure Period allowed under Paragraph 5-B expires.
Assessment Collection Policy, 3-BRead page 2 in the document
Related
This guide was written from the copies in this archive. Documents can be amended after they are recorded, and this is not legal advice; the recorded instruments at the Comal County Clerk are the authoritative versions.