Budget
Information [Updated 12/05/2019]
·
2020 HOA
Assessment of $331.00 DUE January 01, 2020!!!
·
Gross
Assessment Increased ~5% ($15.00) over 2019 to $343.00.
·
One-Time
Credit of $12.00 approved
·
Net
Assessment increase of $3 resulting in $331.00 due for 2020
·
Check
your invoice for balance due for any past late charges or overpayments!
·
Four
homeowners have slight credit balance
·
After
payment, follow up with bank or credit crd to verify
payment has cleared!
·
Pay by
due date to allow for any processing delays!
·
2020 Final
Budget and Assessment Mailing
·
Approved 2020 Budget and
Assessment Fee
·
Sample Invoice and
Payment Instructions
·
NOTE: If you
haven’t received your invoice, contact TMGA
·
Additional
Documents
·
Homeowner
and Resident Contact Information
·
Please fill out
and submit this form if you have not done so previously.
1.
NOTE: PDF
conversion error for CCOC site should be …
https://www.montgomerycountymd.gov/DHCA/housing/commonownership
·
Late Fee
Collection Procedure (approved 1/22/2018)
·
Late Fee
Penalties:
·
$20 Penalty if not
paid by January 31, 2020!!!
1. $5 Admin Fee, $15 Late Fee
·
Lien Process
May Be Initiated if not paid by February 28, 2020!!!
·
Payment Methods
·
Direct
Debit Form (print and mail)
1. Direct Debit must be set up in
advance for subsequent year(s)!
·
Online Transfer from Personal Bank (via Union Bank
Homeowner Association Services)
1. The fastest way to pay your assessment is to set up an
account with Union Bank and pay online by having the bank transfer directly from
your personal bank account. Moreover, you will receive an email confirmation of
your payment.
2. You can select a one-time payment that does not
require you to establish an account or register an
password-protected account for use each year.
3. Alternatively, you can pay by credit card, but this
method charges a convenience fee.
4.
Direct link
to TMGA’s Bank (Union Bank)
5.
Quick Instructions for Online Transfer from Personal Bank
via Union Bank
6. Detailed instructions with screen shots!
·
BillPay
from Personal Bank Account
1. Notes:
1.
Bill
Pay service usually has a significant delay, so submit payment early to avoid
late fees.
2. Your bank may
have a different name for this service and may require additional information.
·
Personal Check and invoice by mail
1. Mail to:
Derwood Station HOA
C/O The Management Group Assoc.
P.O. Box 105007
Atlanta, GA 30348-5007
2. Note that payment by mail
goes to a PO Box in Georgia and may result in processing delays.