The Policy was approved by the membership at the general meeting on May 12, 2007.
Deer Creek Landowners, Inc.
Past Dues Policy
An invoice will be sent out to all landowners who are in arrears. The invoice will bill for the years 04/05, 05/06, 06/07, and the total amount of arrears will be shown for informational purposes.
If payment is made for the those three years (or payment arrangements are made), then the years previous to those three will be taken off the books.
If after sufficient notice the landowner chooses not to pay, a suit will be filed in Superior Court Small Claims Division seeking a judgment for the total amount of arrears (the three years and all years previous) plus late charges and interest at an annual rate of 10%, and court costs. DCLI also has the option to sue in Civil Court for the entire amount.
In addition to the Small Claims/Civil Suit, if the landowner is a member, a lien will be placed on their property for the total amount of arrears plus late charges, interest at an annual rate of 10%, and court costs.
Developed and agreed upon by vote 5/12/07 during Spring membership meeting