Flag Members’ Delinquent Accounts

Flag Members’ Delinquent Accounts

It can be difficult for the person who actually receives members’ checks to know which are from delinquent members and must, therefore, be inspected more closely. This is even more problematic for associations whose members send their payments directly to a lockbox. One way to resolve this is to flag the account. This means that the association makes a notation on delinquent members’ accounts that only checks for the full amount due should be cashed and that all other checks should be turned over to you.

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