HOA collection season is in full swing in North Carolina. While homeowners association collections aren't a favorite topic of most HOA boards, the collection process is a necessary function of most HOAs.
We've worked with hundreds of HOAs over the years, and based on that experience, we have created a list of our top 8 HOA Collection Laws.
Last month, the North Carolina Court of Appeals delivered a lump of coal to one homeowners association. The case involved HOA-enforced construction bonds for ARC request, how those bonds, and any late fees associated with those bonds, are detailed in the CCRs, and the HOA Board's authority to interpret the CCRs.