Late charges assessed on ACH /EFT account for condo association fee

Chicago, IL Viewed 25 times. Posted about 1 month ago in Residential

I established an ACH /EFT to prevent any payment delay. Management company did not notify me any issue with the EFT account in time. I also received the next billing showing the EFT was cleared. I explained all the details with statements from the bank to show no NSF transactions in my account. I am ready to present the documents to the Board. Any advice?

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Answers (1)

Stephen Laurence Hoffman

This attorney is licensed in Illinois. Posted about 1 month ago.

It sure seems as if you did everything right and the management company should have informed you if there was a problem.

However, much of how this turns out would depend on the specific language of your Association's Declarations and Bylaws and I would need to review those prior to providing you with an analysis of your best legal options.

Feel free to contact me.

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Late charges assessed on ACH /EFT account for condo association fee

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Stephen Laurence Hoffman

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