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HOA Collections Policies: Ensuring Financial Stability and Fairness (NC)

/ Owner - March 1, 2024

In the realm of community management, one of the pivotal aspects often overlooked until it becomes a pressing issue is the collections process. Community association board members serve as stewards of the community’s financial well-being, necessitating a disciplined approach towards collections and delinquency management to maintain fiscal stability for the community association. This article delves into the significance of having a clear collections policy, outlines best practices for crafting one, and explores enforcement options to uphold financial integrity while adhering to legal frameworks.    Read the article…………………………….

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