Common use of Delinquency of Dues Clause in Contracts

Delinquency of Dues. Annual assessments, special assessments, and penalties become delinquent 60 days after the due date (the day after the date of the Spring General Membership Meeting). A Member shall be considered in good standing when his/her dues and special assessments are paid on time. Dues and special assessments not timely paid may become a lien upon land of the delinquent Member as authorized by state law pursuant to Section 21.769 of Michigan Public Act 137 of 1929. The lien shall include cost of preparation, recording and collection, including court costs and reasonable attorney fees. RLPPOA shall have the right to foreclose the lien in a state court. The lien shall include future dues, assessments and interest at the rate of 15% per annum or the maximum amount allowed by law, whichever is less.