Winona Lakes Property Owners AssociationDues
                                                                  Collection
                                                                  Policy

 



1.  Annual dues are payable in full no later than October 1 of each year, as per WLPOA Bylaws or by means of a payment plan as per the policy and procedures of WLPOA.

2.  When a check representing any payment is returned unpaid by the bank, the member shall pay bank charges, late fees and an administrative charge of $50.00.

   


3.  Simple interest at an annual rate of 15% calculated on a monthly basis from the due date, shall be added to all member accounts past due, including all current year dues balances outstanding as of November 1 as per WLPOA Bylaws.

4.  In addition to interest charges, the following actions will take place against members who have past due balances:

  • November:  Late notice, which will include late fee of $35.00 plus interest accrued.
     

  • December:  Warning letter to advise that the Association is authorized to begin collection proceedings if payment is not received by December 31st.  Member will be advised that such action shall include, but not be limited to, the filing of liens, judgments, seizure and sale for the purpose of collecting said delinquent dues, accumulated interest charges, administrative fees and reasonable attorney's fees, as authorized by the WLPOA bylaws.
     

  • January:  Notification of legal intent to file a complaint in the judicial system if payment is not received within 10 days from date of notification.  If payment is not received, the Association will file all necessary documentation in order to have judgment on the owner of record, place a lien on the property as well as execute on judgment for the sale or real or personal property in order to satisfy all outstanding debts to the Association.

 

 

 


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