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Lake Ridge board lengthens delinquency timeline, revises collection policy

Lake Ridge Parks and Recreation Association, Inc. Board of Directors · May 13, 2025
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Summary

The board amended its collections policy to extend the delinquency timeline for legal referral from 90 to 180 days, add two warning notices, and revise administrative procedures, effective June 1, 2025 (Resolution 2025/5-7).

Vice President Janet Foote moved to approve amendments to the association’s collections policy that extend the delinquency timeline for legal referral from 90 days to 180 days, add two additional delinquency warning notices, and revise the administrative collection process; Treasurer Aron Sanchez seconded and the motion passed unanimously (Resolution 2025/5-7).

The minutes state the amendments take effect June 1, 2025, after legal review, and that management will publish notice of the policy change and update operational procedures accordingly. The transcript does not include the revised policy text or examples of how the added notices will be delivered.

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