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Association assessments (dues) are currently $125/quarter and due on the first day of January, April, July & October.
Four Ways to Pay Your Dues:
1. Mail a check with your statement stub to Community Association Banc, PO Box 65733, Phoenix, AZ 85082. Make check payable to Falconhead West HOA (please reference your account number in the check memo). 2. ACH Automatic Withdrawal from your checking account. Assessments will be deducted around the 12th of January, April, July & October. To participate, fill out and return the ACH Form. 3. Online through Community Association Banc (a division of Mutual of Omaha), www.cabanc.com. Select a payment type, either E-Check or Credit Card (fee may apply). This is NOT a recurring payment. 4. Bill Pay through your personal banking institution. Payable to Falconhead West HOA. Reference your account number and have payments sent to Community Association Banc, PO Box 65733, Phoenix, AZ 85082.
Fees and Penalties:
Although there is a 14-day grace period to allow for payment delays and bank processing, interest will accrue after the 15th of the month at a rate of 18% APY. Administrative and legal fees may be applied to accounts over 60-days past due.
Assessment Collection Process:
30 Days Delinquent: A 'First Notice Letter' will be sent to property owner. Interest accrues.
60 Days Delinquent: A 'Second Notice Letter' is sent via regular and certified mail (pursuant to Texas Property Code) notifying owner of collection costs, and intent to file a lien if account is not paid in full within 30 days. Interest accrues and a $25.00 administrative fee (to offset the certified mail expense) is applied to the account.
90 Days Delinquent: A 'Final Notice Letter' is sent via regular and certified mail (pursuant to Texas Property Code). Letter explains that a Notice of Lien is being filed and a suit will be filed if the account is not current within 30 days of this notice. A legal fee of $250.00 is assessed. An Affidavit of lien is prepared, signed by a Board member or the management office, and filed with County Clerk’s office for recording.
120 Days Delinquent: The Association attorney shall send an 'Intent to File Suit Notice' notifying owner of the lien amount and all related collection fees, attorney's fees, interest, and penalties. Upon approval by the Board of Directors, a suit will be filed.
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