Carolina Foothills Resort
Late Fee Policy
( Lot Rent, Membership Fees, or Assessment )
# Days in Arrears:
30 Days; on
10th day of following month, send invoice with 20% late fee.
Note: Unless a hardship agreement including a plan to get caught up, has been approved by President, proceed with the next steps.
60 Days; on
10th day of following month, send invoice with another 20% late fee. Advise the member(s) they are ‘temporarily
suspended’ and cannot enjoy being at the Club, until payments are made to
bring them current and in good standing.
90 Days; on
10th day of following month, send invoice with another 20% late fee. If no payment is received by the end of that month,
send an email to the Board detailing the attempts made to collect.
The Board will then send a Certified Letter stating: per our By-Laws and Policy & Procedures you are at risk of
losing your membership (whether Regular, LTM, or LTM/ LTR), if payments are not made to become current and in good standing by x date…