Avoid Liability When Enforcing Debt Collection Policy
From time to time, members of the association you manage may have financial trouble and get behind on their assessments or other amounts that are owed, such as costs for things like a storage area or parking. And that can be compounded when fees, fines, and interest are added due to delinquency. Sometimes, late payments aren’t because of financial hardship—a member may be upset about something in the community and feel that he’s “taking a stand” by not paying what he owes.
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