Question: The June CCR Discussion topics addressed the costs associated with delinquent HOA assessment payments. We would prefer to make several assessment payments instead of just the two due on January 1 and July 1 of each year. Is there a means or capability to make multiple HOA assessment/dues payments without incurring additional costs by doing so?
Answer: Yes
As long as a Springs homeowner pays all of their HOA assessment prior to the "Late On" date (January 31 and July 31), there is no restriction on how those assessments may be paid. For example: you've paid your mid-year 2014 HOA assessment on July 1, 2014. You then elect to make 3 equal payments for the assessment due on January 1, 2015. Assuming the 2015 assessment remains at $720 per homeowner ($360 due on January 1, 2015 and $360 due on July 1, 2015), you could make a $120 payment to ProComm on August 1, on October 1, and on December 1, or any combination of monthly payments, as long as $360 is paid by January 30, 2015. You could also make 6 equal payments between August 1, 2014 and January 30, 2015, or any combination of payments and payment amounts that total $360. If you pay by check for each payment, the cost to you would be the cost of a postage stamp. If you pay by electronic funds transfer (EFT) or by charging your credit card, there would be a transaction fee associated with each payment, just as there is for the usual one-time payment made on January 1 and July 1.
You can access your ProComm account on line at http://access.associawebsites.com/AssociaAccess/default.aspx
