Assessment Collections (FIN210)

Learn about the proactive measures associations should take, the options available to the association once there is a delinquency, and how and when to bring in professional help. Youll also explore the additional considerations that come into play when a homeowner has declared bankruptcy, as well as how the Civil Code and other laws and regulations influence the associations efforts to collect.

Learning Outcomes:

  • Understand the community managers role in the collection of delinquent assessments
  • Know the legal requirements for an associations assessment collection practices, including the collection policy and annual notice
  • Understand the first steps for every delinquent account, including the pre-lien demand letter and the recording of a lien
  • Understand requirements for offering and providing alternative dispute resolution to the homeowner
  • Understand the process, advantages and disadvantages for each of the possible collection methods: payment plans, foreclosures, civil suits, and collection agencies
  • Understand how homeowner bankruptcies affect collections

Who Should Take This Course?

  • Community managers who advise their association board on assessment collections
  • Accounting personnel
  • Community managers who want to earn the CAFM certification

Prerequisites:   None

Continuing Education Units (CEUs):   4

Course Length:   4 hours

Course Fee:

Online Offering
Member $180
Non-Member $252
 

Schedule:

Assessment Collections

Start Date:
2019-10-01 10:00:00
End Date:
2019-10-02 12:00:00
Location:
Online

Download a Registration Form if you prefer to email or mail in your registration. 

Don’t see an offering near you? You can join a wait list to bring this series to your area through CACMs Request a Course program.

You may also qualify to take this series by correspondence if you have two or more current years of verifiable community association management experience. Learn more.