LakeTalk Feb 2024 | Page 8

Annual Assessment Invoices & Payments

Your Annual Account Statement for the Fiscal Year March 1 , 2024 THROUGH February 28 , 2025 will be sent via mail ( USPS ) this month . Rate information can be found in the Library of your online membership account under the “ Budget ” folder . Payment options include the below :
Recommended Member Portal
Login using your personal credentials at app . condocontrol . com
Option 1 : Payment in Full You can pay in full by making a one-time payment using eCheck , a credit card , or debit card ( Visa ®, MasterCard ®, AMEX ® or Discover ®). There is no fee for electronic funds transfer from a U . S . checking or savings account . If using a debit or credit card , there is a 2.75 % processing fee plus . 75 cents per transaction .
Option 2 : Monthly Auto-Draft Payment The ONLY accepted form of monthly payment is ACH
monthly auto-draft . This option is NOT available for vacant unbuildable lots . Monthly auto-draft payments should be established NO LATER THAN February 26 , 2024 in your Member Account . Once established , payments will begin on March 1 , 2024 and will continue to be automatically deducted from your bank account on the FIRST of each month . A 1 % amortized interest rate applies when selecting this option . You can pay using eCheck , a credit card , or debit card ( Visa ®, MasterCard ®, AMEX ® or Discover ®). There is no fee for electronic funds transfer from a U . S . checking or savings account . If using a debit or credit card , there is a 2.75 % processing fee plus . 75 cents per transaction .
Please direct all questions regarding annual assessments to financemanager @ lakelinganore . org
Mail in Check
Mail payment in full via check , payable to Lake Linganore Association , to CIT Bank . Please reference the “ ACCOUNT NUMBER ” enclosed with your invoice . This number is unique to each property address . Include the coupon enclosed with your invoice . Mail to : CIT Bank PO BOX 98077 Phoenix AZ , 85038-8077
If you own more than one property , this is the ONLY option where you can COMBINE the assessment payments as one check . EACH property coupon MUST be included with your payment .
Not Recommended Online Bill Pay
Send your payment from any U . S . financial institution using Online Bill Pay . Please reference the “ ACCOUNT NUMBER ” enclosed with your invoice . This number is unique to each property address . Please consult your financial institution regarding any processing fees . If you own more than one property , separate payments must be established for each property .
* per the Declaration , those who do not pay the assessment in full and elect to pay monthly or over a period are technically considered delinquent and must incur 1 % interest on the monthly balance until paid in full . For those who sign up for monthly ACH , this avoids all penalties aside from the 1 % interest . This 1 % interest is calculated for the year ( beginning month 2 ) assuming all monthly payments are successfully collected . The amount is totaled and dived by 12 . That figure is factored into the monthly payment plan schedule .