Home›Templates›Collection Policy
FinancialUniversal

Collection Policy

Outlines the HOA's procedures for collecting delinquent assessments, including grace periods, late fees, lien filing thresholds, and referral to collections or legal action.

⚠ Not Legal Advice. This template is for informational purposes only. Consult a licensed attorney for your specific situation. Full disclaimer →

Overview

Outlines the HOA's procedures for collecting delinquent assessments, including grace periods, late fees, lien filing thresholds, and referral to collections or legal action.

Document hierarchy level: 5

How to Use This Template

  1. 1Select your US state from the dropdown.
  2. 2Fill in the form fields (owner name, property address, violation details, etc.).
  3. 3Review the live document preview.
  4. 4Download as PDF or DOCX.

Required Fields

HOA / Association Name*
Policy Effective Date*
State*
Assessment Due Day of Month*
Assessment Period*
Grace Period (Days)*
Late Fee Amount ($)*
Monthly Interest Rate (%)*
NSF / Returned Check Fee ($)*
Step 1 – First Notice (Day After Due)*
Step 2 – Second Notice (Day)*
Step 2 – Cure Period (Days)*
Step 3 – Referral to Collections (Day)*
Collection Referral Threshold ($)*
Months Delinquent Before Collections*
Step 4 – Lien Filing (Day)*
Lien Filing Threshold ($)*
Lien Recording Fee ($)*
Foreclosure Threshold ($)*
HOA Mailing Address*
HOA City, State ZIP*
HOA Email*
HOA Phone
Board Member 1 – Full Name*
Board Member 1 – Title*
Board Member 2 – Full Name
Board Member 2 – Title

* Required fields

Frequently Asked Questions

What is a Collection Policy?

Outlines the HOA's procedures for collecting delinquent assessments, including grace periods, late fees, lien filing thresholds, and referral to collections or legal action.

Do I need a lawyer to use this template?

This template is for informational purposes only. For complex situations, consult a licensed attorney familiar with your state's HOA law.

Which states is this template available for?

This template is available for all 50 US states. The form adapts to your state's specific statutory requirements.

How long does it take to generate the document?

Once you fill the form, the document is generated instantly — usually under 5 seconds.

Use This Template

Generate a state-specific Collection Policy in minutes.

Generate Document →
✓ State-specific requirements
✓ PDF & DOCX export (Pro)
✓ English & Spanish
✓ No AI — certified templates

Related Templates

Notice of HearingNotice of ViolationBoard Meeting Minutes