How do Pre- Authorized Charges Work?
Pre-authorized charges to your account will be processed, on or about the 6th day of each month, for the amount of your regular monthly assessment payment. Payments so collected will be deposited to the checking/savings account of your ASSOCIATION, maintained with Community Association Banc.
There may be changes to the assessment amounts and/or due dates in accordance with the ASSOCIATION’S governing documents and applicable statutes including notification requirements of the ACH (Automated Clearing House) rules.
We reserve the right to make changes in the agreement at any time. We may cancel Preauthorized Electronic Assessment Payments at any time without cause and you can terminate this agreement at any time by giving sufficient written notice or by closing the designated accounts.