What restrictions does an HOA have in collecting assessments?

In Washington, Homeowners Associations (HOAs) have the right to collect assessments from members of the association. However, there are restrictions in place to ensure fairness and protect homeowners. One restriction is that the amount of the assessment must be reasonable and not excessive. An HOA must also adhere to the terms of the declaration of covenants, conditions, and restrictions (CC&Rs). CC&Rs will usually specify an exact amount or rate of assessment, as well as when that assessment is due. HOAs are also restricted in when they may collect assessments. Generally, an HOA may not collect assessments until after the annual meeting. This ensures that homeowners have the opportunity to vote on the amount of the assessments and when they are due. In addition, an HOA may not treat homeowners differently when it comes to collecting assessments. Assessments must be collected from all homeowners on the same day. Furthermore, the HOA may not penalize homeowners for being late in making payments or send them to collections prematurely. Finally, HOAs possess other restrictions regarding the collection of assessments. They must keep accurate records of assessments and payments, adhere to the terms of any contract they have entered into with members of the association, and take reasonable steps to collect assessments. Overall, HOAs have restrictions in place when it comes to the collection of assessments. These restrictions ensure fairness and protect the rights of homeowners.

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What restrictions does an HOA have in collecting assessments?

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