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Q: Can you legally be charged interest on past homeowners dues?
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Can the bank charge interest after the cards has been cancelled?

No. A Card can/will be canceled only when there are no dues against the card and hence charging interest after the card is canceled cannot be done.


Can I settle my credit card without paying late payment and interest?

Yes you can. If you have the funds available, you can pay off the whole balance before the 'dues date' - and accrue no interest or charges.


What does collateral mean in personal finance?

Security for a loan so the loan is secured by property, vs unsecured-more risky for creditor. Whenever, any borrower intends to raise a loan, or financial advances, either from the Creditor, or from the Banks, any prudent Creditor would like to secure the interest. It is, therefore, that the Creditor would ask to mortgage the property in exchange of financial advances being granted, or sanctioned. The Borrower, therefore, offers the property by way of "equitable mortgage" so as to secure the interest of the creditor. The very process is called the mortgage. And the property that is being mortgage is called the "collateral security". In case, the Borrower does not repay the debt due and payable, including cost, charges and interest, the secured creditor would be legally entitled to auction the property or sale away and recover the dues. The public sector banks recover the dues by auctioning the property that is equitably mortgaged.


Sample of letter asking for money?

yes, asking for monthly dues for a community park.


Can the bank stop you from accessing your wages without your consent?

If you had any dues pending to the bank then they can. Otherwise they cannot.

Related questions

How can homeowners insurance pay for homeowners association dues if i cannot pay?

It won't. Homeowners insurance is protection from sudden accidental losses, it does cover association dues.


Can a homeowners association file a lien against you for overdue fines only if assessments and dues are all paid.?

If your assessments and dues were overdue when you paid them and if the homeowners association has the right to assess overdue fines then the answer is yes.


What is a tax charged by the church?

Tything Dues


What is a tax charged by the Church called?

Tything Dues


How much are homeowner dues?

They are typically TOO MUCH and are charged monthly!


You live in a patio home community and one of the homeowners has not paid his monthly dues Can a lien be put on his home?

Read your contract.


Can a homeowners association amend the covenant to remove the lien against homeowners that don't paid dues?

Removing a lien or liens does not require covenant amendment. It will be easier for the board not to file a lien in a given situation, than to remove this collection tool from its options. Assessments -- not dues -- are owed by owners and pay for the operation of the community.


Are condo or homeowners dues in arrears discharged after the bank forecloses?

Only items reported to the credit bureau (s) can be "charged off" after a foreclosure and that is up to the creditors descretion. Items are discharged after a bankruptcy, not foreclosure (two separate things -- although a foreclosure can happen within a bankruptcy) Usually what happens in a foreclosure is that the assoc. dues that are in arrears are paid from proceeds at sale closing and the new owners will start fresh.


Where does most of the money an interest group collects come from?

membership dues and contributions


Is a homeowners' association considered a business when all that is done are collect dues that are used to share the expenses of the common areas?

No. A HOA is not considered a business.


Can a person on probation in South Carolina transfer to another state if they owe dues to South Carolina?

legally yes


Is a home still under construction have to pay hoa dues?

It depends on the specific rules and regulations of the homeowners association (HOA) in question. Some HOAs may require homeowners to pay dues even if their home is under construction, while others may exempt them from paying until the construction is complete. It is important to review the HOA's governing documents or consult with the HOA directly to determine their specific policies regarding dues for homes under construction.