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:   4 hours

Course Fee:

Online Offering
Member $180
Non-Member $252
 

Schedule:

Assessment Collections

Start Date:
2019-10-01 10:00:00
End Date:
2019-10-02 12:00:00
Location:
Online

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

Don’t see an offering near you? You can join a wait list to bring this series to your area through CACMs Request a Course program.

You may also qualify to take this series by correspondence if you have two or more current years of verifiable community association management experience. Learn more.

Call for Applications:
Join CACM’s 2020 Board of Directors

The CACM Board of Directors and Nominating Committee are pleased to announce the “Call for Applications” for the 2020 Election of Directors. CACM is looking for qualified community managers from throughout the state to consider joining the election.

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