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Indian Mountain Lake Civic eMail Bulletin

2/21/2018
Proposed 2019 Installment Plan

Greetings IMLCA


The Board of Directors are putting together a new Installment Plan for 2019.  The proposed plan as designed by the President Mr. Ray Oldroyd is attached.  Please take a look at it and send any comments or suggestions to imlca@indianmountainlake.com.  Copies of all comments/suggestions/complaints will be forwarded to the entire Board of Directors.



 

Indian MountainLake Civic Association, Inc.

95 Highridge Road


Albrightsville, PA 18210-7771

February 10, 2018 Statement of Policy


Dealing with Dues Payment

 


 

 


 

1.   The former Installment Notes will be replaced with the Twelve Month PaymentPlan.

 


2.    Twelve Month PaymentPlan are to be used for memberswho wish to pay their dues

in twelve equal monthly payments, beginning with 2019 dues and continuing indefinitely, with no need to sign a new Plan every year.


 

3.    Monthly paymentswill be adjusted every January to reflect the new dues amount with notice of the new paymentamount sent with the dues invoices.


 

4.     Payments are due on the first of each month with a fifteen day grace period.On the sixteenth day of the month, a 5% late charge will be applied to the account.  After the last day of the month, the member is no longerin 'good standing' and will not return to 'good standing' until all arrearages and late fees are broughtcurrent.


 

5.   There is a 10% annual fee for the Twelve Month Payment Plan.  For example, if the annual dues are $1,200.00, the fee for the Twelve Month PaymentPlan would be $120.00 and the monthlypayments would be $110.00.
 The 5% late fee that would be added on

the sixteenthday of the month would be $5.50 for a total of $115.50.

 


7.   Members paying in full prior to the last business day of the preceding year will receive a 5% discount.


 

8.   Members payingin full between the first and the fifteenth of January pay the full dues amount.  $1,200.00 in the above example.On January 16th the amount would be


$1,205.50; on February16th $1,211.00 and so forth.


 

 


 

 


 

 


 

 


Revised 2-1-18




Statement of Policy


Dealing with Dues Payments Page l

 


 

 


 

 


9.    Either the member or the association may terminate the Twelve Month Payment Plan upon notice to the other. IMLCA reserves the right to terminate this agreement and refer the account to collection should there be two or more late payments in any one calendar year.  Delinquent accounts are subject to referralto collection, legal and/or equitable action.


 

 


 

 


 

Ray Oldroyd, President                                                     Bob Savino,Vice President

 


 

 


Susan Hildebrand, Treasurer                                              Joe Falotico, Director

 


 

 


Dennis Brislin, Director                                                     Stephen Korte, Director

 


 

 


 

Revised 2-1-18




Indian Mountain Lake Civic Association, Inc.


95 Highridge Road

Albrightsville, PA 18210-7771


570-646-1600

 


Twelve MonthPayment Plan Terms and Conditions


 

1. The undersigned (I/we) agree to enroll in the IMLCA TwelveMonth Payment Plan.


 

2.   To pay our yearlydues, we agree to make twelve monthly payments, beginningwith the month of January and ending with the month of December.


 

3.    Payments are due on the first of the month.  On the sixteenthday of the month a late fee of 5% of the monthly paymentis assessed.

 


4.    If payment is not made by the end of the month the account will be considered delinquent , we will no longerbe in 'good standing' and our gate cards and amenitycards will be deactivated.


 

5.    We acknowledge our understanding that a fee of 10% of the yearly dues is charged for the Twelve Month Payment Plan.

 


6.    We understand and agree that this plan will automatically renew every year until

either we or IMLCA terminates the Plan.
 There is no need to sign a new Plan every year.

 


7.   IMLCA reservesthe right to terminate this agreement and refer the account to collection should there be two or more late payments in any one calendar year. Delinquent accounts are subjectto referral to collection, legal and/or equitableaction.

 


8.   Checks should be payableto IMLCA and should include your IML address or lot and section.  Include a self-addressed, stampedenvelope if you wish to have a receipt mailed toyou.

 


9.    Credit card and online paymentsare accepted , but fees apply.
 Check with IMLCAoffice 570-646-1600 for details.


 

I 0.  There is no prepayment penalty, meaning you may deduct the processing fee from your remaining paymentsand pay the remaining balance,in full, at any time.


 

 


 

 


 

Print name below the line.
 Sign above the line

 


Return thisform  and your payment to IMLCA , 95 HighridgeRoad, Albrightsville, PA 18210- 7771. Keep the extra copy for your records.


 

Revised 1-19-18




                                  

This is a Publication of IMLCA






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