HOA Collections — How to Collect Texas HOA Dues "More Neighborly"
Our recovery system allows mercy to be shown to those who deserve it, time to facilitate payments for those who need it, and a fair justice for those who warrant it. We recover dues in a manner that restores communication with your neighbors who are behind, and collects their delinquent dues without using liens or foreclosure, or burying families in legal fees.
Our timeline utilizes skip tracing, a phone and letter campaign, and an attorney written demand to communicate to your homeowners the importance of making payments directly to your HOA (or its management firm), in order to avoid being credit reported to Experian, Equifax, and TransUnion. Our online system also documents everything for your Board to review: from your homeowner’s actions, to our internal efforts, to your management firm’s compliance — all in real time.
Credit Reporting HOA Dues is Approved for Use in Texas and Complies with HB1228
Enacted by Congress, The Federal Fair Debt Collection Practices Act allows property-related debts (like association assessments and fines) to be credit reported as ”consumer debts’, and thus approves the use of credit reporting for association assessments and fines in all 50 States (see CA, NV, TX specific laws). NCSPlus, as a national collection agency, is licensed in all 50 states where it is required.
Texas Statute HB1228 regarding collection of assessments requires that Associations "not sell or otherwise transfer any interest in the association's accounts…". Accounts are never 'assigned' nor 'pledged' nor in any way transferred to RecoverHoaDues.com. With our service Associations retain all rights to and ownership of their accounts at all times. Our service is completely compliant with all applicable Texas common interest community statutes and laws.
In addition, RecoverHoaDues.com is exclusively endorsed by The National Homeowners Advocate Group, LLC. (a Texas-based agency) as, "The most equitable way to recover delinquencies and prevent foreclosures, while preserving your relationship with homeowners."