Assessment Collections (FIN210)

Learn about the proactive measures associations should take, the options available to the association once there is a delinquency, and how and when to bring in professional help. Youll also explore the additional considerations that come into play when a homeowner has declared bankruptcy, as well as how the Civil Code and other laws and regulations influence the associations efforts to collect.

Learning Outcomes:

• Understand the community managers role in the collection of delinquent assessments

• Know the legal requirements for an associations assessment collection practices, including the collection policy and annual notice

• Understand the first steps for every delinquent account, including the pre-lien demand letter and the recording of a lien

• Understand requirements for offering and providing alternative dispute resolution to the homeowner

• Understand the process, advantages and disadvantages for each of the possible collection methods: payment plans, foreclosures, civil suits, and collection agencies

• Understand how homeowner bankruptcies affect collections

Who Should Take This Course?

• Community managers who advise their association board on assessment collections

• Accounting personnel
• Community managers who want to earn the CAFM certification

Prerequisites:   None

Continuing Education Units (CEUs):   4

Course Length:   This course is made up of two, 2 hour sessions.

Schedule:

Download a Registration Form if you prefer to email in your registration.