Alternative Payment Schedule Guidelines for Certain Assessments

The following guidelines was established by the Board of Directors (the “Board”) of QCHOA, Inc. (the “Association”) on September 24, 2014 in accordance with Section 209.0062 of the Texas Property Code:

Upon the request of an owner of a lot governed by the Association (an “Owner”), the Association shall enter into an alternative payment schedule by which the Owner may make partial payments to the Association for delinquent regular or special assessments or any other amount owed to the Association without accruing additional monetary penalties (an “Alternative Payment Schedule”), subject to the following guidelines:

  1. An Alternative Payment Schedule is only available to Owners who have delinquent regular assessments, special assessments, or any other amount owed to the Association.
  2. An Alternative Payment Schedule will not be made available, except in the sole discretion of the Board, to Owners who have failed to honor the terms of a previous Alternative Payment Schedule during the two years following the Owner’s default of such prior Alternative Payment Schedule.
  3. During the course of an Alternative Payment Schedule, additional monetary penalties, other than reasonable costs associated with administering the Alternative Payment Schedule and interest, shall not be charged against an Owner.
  4. The minimum term for an Alternative Payment Schedule is three (3) months from the date of the Owner’s request for an Alternative Payment Schedule. The maximum term for an Alternative Payment Schedule is eighteen (18) months from the date of the Owner’s request for an Alternative Payment Schedule.
  5. All other terms of an Alternative Payment Schedule are at the sole discretion of the Board.

This Policy Has Been Recorded in Rockwall County

Policies are "dedicatory instruments," which means that they must be recorded in the property records of Rockwall County.