YIKES, fees that add up if annual assessments aren’t paid! Do they show up as revenue? How much is received? Are members advised about the Sun City Foundation, (Neighbors Helping Neighbors) in time to seek help in time to avoid some of these fees? RCSC Board Policy Resolution No. 24 ARTICLE III – ASSESSMENTS, FEES AND COLLECTIONS SECTION 5: LATE AND LIEN FEES, INTEREST AND COLLECTIONS …Owners are responsible for providing current and accurate billing information to the Cardholder Services Offices; failure of an Owner to receive billing does not relieve the Owner of the obligation and liability to pay assessments or fees, nor does it eliminate the following collection process and fees: At thirty (30) days in arrears, Owners shall be charged a late fee, as determined by the Board and shall be sent a reminder notice regarding the unpaid balance on their account. At sixty (60) days in arrears, interest will begin to accrue on the unpaid balance on their account and a reminder notice regarding the unpaid balance on their account shall be sent. Interest equal to the interest rate charged by Maricopa County for delinquent taxes as set forth in Arizona Revised Statues will be charged by the Corporation on any delinquent fees and/or assessments and interest shall accrue on a monthly basis until the account has been paid in full. At sixty (60) days in arrears, RCSC shall file a lien upon the Property with the office of the Maricopa County Recorder and a lien recording and release fee, as determined by the Board, shall be charged to the Owners. All accounts ninety (90) days in arrears may be reported to the Credit Bureau(s) as a delinquent account. If any assessment or fee is not paid within ninety (90) days after it becomes due, said lien may be foreclosed as set forth in the Facilities Agreement. Said lien shall be subordinate to the lien of any mortgage or deed of trust now or hereafter placed on the Property. The Corporation may pursue all available legal processes or actions available to it in order to collect any unpaid assessments or fees owed to the Corporation. Owners shall be required to pay for all costs associated with such legal collection actions or processes. The Corporation may turn any unpaid accounts over to a third party for collections and Owners shall be required to pay for all costs associated with such collection processes. RCSC Board Policy Resolution No. 24: https://suncityaz.org/rcsc-board-policy-resolution-no-24/ Facilities Agreement https://suncityaz.org/wp-content/uploads/2016/08/Facilities-Agreement.pdf Sun City Foundation: https://www.suncityfoundation.org/
