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28 November, 06:51

What type of lien can be placed on homeowners who do not pay their home association fees? A security bail bond lien An HOA lien A municipal utility lien A vendor's lien

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  1. 28 November, 07:44
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    Answer: HOA lien

    Explanation:

    Homeowners associations (HOAs) are in charge of different operational and maintenance duties associated with a neighborhood or building. Homeowners associations are financed by dues from the homeowner members.

    In a situation whereby the homeowners members delay their dues or does not pay their dues, Homeowners associations can place liens on the homes of their members. A lien is a legal hold on a property.
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