A new Collection Policy and Procedure that was adopted by the Board of Directors, and is effective 8/10/2022. This applies to all members of the HOA. Please see below for a briefing on some notable points in the policy. However, please review and read the policy in its entirety. This document is also posted to PCVA.org and to your Homeowner Portal Library;
- Due Date: The annual assessment is still payable monthly, with the due date of the1st of each month.
- Payments not received by the 15th of the month, and any outstanding amount left on the account on the 15th, will be charged a late fee of $25 and an interest rate of 8%
- The HOA reserves the right to record a notice of lien at any time once an account becomes delinquent.
- Costs generated by the collection of amounts owed will be posted to the Owner's account. This includes costs for certified mailings, costs to physically post a notice, recovery of Attorney's fees, and any translation of a notice to a language other than English.
- Owners with outstanding balances will be sent a monthly statement by first-class mail to the address provided by the owner (please be sure to keep the HOA updated with your current mailing address of choice.) As a reminder, monthly statements are not automatically sent to all owners each month; please make note of your due date and arrange to satisfy your assessment on time.
- The HOA may turn over a delinquent account to a collection agency or refer to an attorney after sending a copy of the delinquency notice by certified mail and by posting a notice to the owner's unit in the HOA; sending a notice via first-class mail; and (optional) via text or call or email
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