LogFAQs > #980088697

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Topic	man HOA making everyone pay $10k suddenly
philsov 04/25/24 1:17:19 PM #16:	TeaMilk posted... Oh I should also mention they "lost" like 300k in reserve funds earlier thjs year because one of the board members accounts went inactive and got collected by the state treasury somehow? If accounts go idle and turn into Unclaimed Property -- just have that member get it back. There's a limbo period of at least a year where it's held by the state, but still 100% recoverable. --- Remember that I won't rest, 'til we share the same tense Just know, to me, you're better late than never again. <cite>philsov posted [p:980088697] in man HOA ma... [t:80755338]...</cite> <quote>TeaMilk posted...</cite><quote>Oh I should also mention they "lost" like 300k in reserve funds earlier thjs year because one of the board members accounts went inactive and got collected by the state treasury somehow?</quote>If accounts go idle and turn into Unclaimed Property -- just have that member get it back. There's a limbo period of at least a year where it's held by the state, but still 100% recoverable. --- Remember that I won't rest, 'til we share the same tenseJust know, to me, you're better late than never again.</quote> ... Copied to Clipboard!
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