AmendmentOpen for votingArticle III §1

Cap on Fines

Legal text

"Notwithstanding any default statutory fining powers granted to homeowners associations under North Carolina law, the Association's power to levy fines is strictly capped by this Declaration. The Association may not levy a fine exceeding Twenty-Five Dollars ($25.00) per occurrence for discrete violations. In the event of a continuous violation, the cumulative total of all fines levied for that specific violation shall never exceed Five Hundred Dollars ($500.00). Under no circumstances whatsoever may a fine, or the accumulation of fines, be secured by a lien against the Owner's Lot."

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