Original Bi-Law:

Any assessment or bill not paid within five (5) days after its due date shall accrue a late charge in the  amount of five percent (5%) of the overdue assessment or bill, in addition to interest at the rate of fifteen  percent (15%) per annum or such rate as may otherwise be determined by the Board. The Association  may bring action at law against the Owner personally obligated to pay the same, or foreclose the lien  against the Property. No Owner may waive or otherwise escape liability for the assessments provided for  herein by nonuse of the common areas or abandonment of his or her lot.  

The Board or collection agency at the request of the Board shall take prompt action to collect any  assessments or bills for dues or membership fee due from any Owner which remain unpaid for more than  ninety (90) days from the date on which payment is due. Only three bills will be mailed to each owner,  the original due on July 1st, one past due bill will be mailed roughly 30 days later, and one final past due  bill will be mailed roughly 60 days after the original bill was due. The Board will not continuingly mail  past due bills to a delinquent Owner. 

Proposed Revised Bi-Law: 

Any assessment or bill not paid within one (1) month after its due date shall begin to accrue a late charge in the amount of twenty dollars ($20.00) per month, for up to three (3) months, in addition to interest at the rate of fifteen percent (15%) per annum, or such other rate as may be determined by the Board. The Association may bring action at law against the Owner personally obligated to pay the same or foreclose the lien against the Property. No Owner may waive or otherwise escape liability for the assessments provided for herein by nonuse of the common areas or abandonment of his or her lot.

The Board, or a collection agency at the request of the Board, shall take prompt action to collect any assessments or bills for dues or membership fees that remain unpaid for more than ninety (90) days from the date payment was originally due. Only two bills will be mailed to each Owner: the original bill due on July 1st, a past-due notice mailed approximately thirty (30) days later, and a final past-due notice approximately sixty (60) days after the original due date. The Board will not continue mailing past-due bills to a delinquent Owner.