<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1061566567187268&amp;ev=PageView&amp;noscript=1">
Skip to content

Should owner's HOA payment plan be charged interest?

| Budgets & Finance |  


Question:

I proposed a payment plan to my homeowner's association in the amount of $200 biweekly for 14 weeks for a total of a little over $2,800 in delinquent assessments. I was advised that I could enter the payment plan but the law office would charge $190 to draft the agreement and the association would charge me $74.45 per month in interest. This makes this a very costly plan nearly $1,000 in fees. What limits if any does Texas impose on HOA's ability to charge interest during a payment plan?


Answers (10)

What are your thoughts on this topic? Please share your answers below. We ask that you remain respectful of each other, and be advised that responses are monitored.
 

Related Posts

Can HOA claw-back legal fees from owner?

Should HOA pay for eviction of non-paying owners?

Owner posts website about his HOA problems and gets sued