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What if an owner fails to pay on time?

April 26, 2017fails owner pay time

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What if an owner fails to pay on time?

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If owners account is past due that owner is suspended and cannot vote at meetings. The past due amount accrues interest at the rate of eighteen (18%) percent per annum. All unpaid amounts create a lien against the lots owned by that individual. Liens are recorded with the county, the property is subject to foreclosure and the owner can be sued. All costs related to filing liens, foreclosing or collection are additional charges for which the owner is responsible.