Watters Crossing Homeowners Association Officers

Watters Crossing Homeowners Association - Officers

The Homeowners Association was created to preserve, operate and maintain the Common Areas, to administer and enforce the covenants, conditions and restrictions, to collect and disburse funds pursuant to assessments and charges, and to perform such other acts as shall generally benefit all of the Property of Watters Crossing Every homeowner shall be a member of this Association. The Board of Directors shall have the powers and duties prescribed in the Articles and Bylaws of the Covenants. The Bylaws shall specify the procedure for election of the directors, as well as the terms to be served by the directors.

President	Vice President	Secretary	Treasurer

Watters Crossing Homeowners Association - Cash Application Policy

Print a copy of the Cash Application Policy

All proceeds received from Homeowners will be applied to debts owed to the HOA in the following order:

Finance Charges
Expense Recovery (Legal Fees, NSF fees, Postage, etc)
Special Assessments
Association Dues

If multiple Finance Charges are owed, cash will be applied to the oldest and proceed to the youngest until all fees for the category are paid. If any proceeds remain after the Late Fees/Finance Charges are paid, the proceeds will then be applied to the oldest Expense Recovery until all Expense Recoveries are paid. Once all Finance Charges and Expense Recoveries are paid, any remaining proceeds will be applied to Special Assessments from oldest to youngest. Finally, any remaining proceeds will be applied to Association dues beginning with the oldest and proceeding to the youngest.

Checks that contain Restrictive Endorsements that are more restrictive than the current obligations will not be cashed or deposited, and will be returned. Late fees and expenses will continue to accrue on that account.

Postdated checks will be deposited upon receipt.

WATTERS CROSSING ASSOCIATION
1314 W. McDermott, Suite 106
PMB 801
Allen, TX 75013