Payment Method Consent Language

ACH DRAFT MIGRATING VERSION: Standing Authorization Auto Draft (Stripe-initiated) Below communication is distributed twice to homeowners via email (for portal-enrolled homeowners) or USPS (for non-email HOs): two months before migration and one month before migration. This notice informs about an update to your periodic auto draft payment to your homeowners association. Details below. No action is required unless you disagree with below consent and choose to cancel your auto draft payment. (Disenrollment instructions included below.) Key Points: 1) Your current enrollment continues with the periodic auto draft amount debited from your existing bank account and credited to your homeowner’s association account. 2) You agree to a processing fee assessed for future auto draft payments, beginning in (X month).  

I hereby continue to authorize my homeowners association’s third-party payment processing service to initiate a standing authorization debit during each payment period using the existing financial institution account for the amount entered plus the stated processing fee, not to exceed $4.99 (+ .10 % of amount entered if $2K or greater). I acknowledge and agree that the amount due during a payment period may change from time to time as determined by my homeowners association, and I authorize all future subsequent entries for respective amount entered plus the then-current stated processing fee. I understand this authorization will remain in effect until I cancel this standing authorization by either selecting “Remove” option in homeowners association portal within one business day of next scheduled credit or notifying my homeowners association’s management company in writing within 14 calendar days of due date of next scheduled debit. I am the owner or an authorized signer of the financial institution account provided and understand that my information will be securely stored on file for use in future debits. 

ACH DRAFT NON-MIGRATING VERSION: Standing Authorization Auto Draft (Stripe-initiated) New Logo or New HO in existing HOA I hereby authorize my homeowners association’s third-party payment processing service to initiate a standing authorization debit during each payment period using the provided financial institution account for the amount entered plus the stated processing fee, not to exceed $4.99 (+ .10 % of amount entered if $2K or greater). I acknowledge and agree that the amount due during a payment period may change from time to time as determined by my homeowners association, and I authorize all future subsequent entries for respective amount entered plus the then-current stated processing fee. I understand this authorization will remain in effect until I cancel this standing authorization by either selecting “Remove” option in homeowners association portal within one business day of next scheduled debit or notifying my homeowners association’s management company in writing within 14 calendar days of due date of next scheduled debit. I am the owner or an authorized signer of the financial institution account provided and understand that my information will be securely stored on file for use in future debits. 

RECURRING eCHECK  

I hereby authorize my homeowners association’s third-party payment processing service to initiate a standing authorization debit during each payment period using the provided financial institution account for the amount entered plus the stated processing fee, not to exceed $4.99 (+ .10 % of amount entered if $2K or greater). I acknowledge and agree that the amount paid for the payment period may change from time to time, and I authorize a subsequent entry in future for amount entered plus the then-current stated processing fee. I understand this authorization will remain in effect until I cancel this standing authorization by either selecting “Remove” option in homeowners association portal within one business day of next scheduled debit or notifying my homeowners association’s management company in writing within 14 calendar days of due date of next scheduled debit. I am the owner or an authorized signer of the financial institution account provided and understand my information will be securely stored on file for use in future debits. 

ONE TIME eCHECK 

I hereby authorize my homeowners association’s third-party payment processing service to initiate a one-time debit using the provided financial institution account for the amount entered plus the stated processing fee. I am the owner or an authorized signer of the financial institution account provided and understand I may elect my information to be securely stored on file for use in future debits. 

RECURRING CARD  

I hereby authorize my homeowners association third-party payment processing service to initiate a  recurring charge during each payment period using the provided card account for the amount entered plus the stated processing fee. I acknowledge and agree that the amount paid during a payment period may change from time to time, and I authorize charging for amount entered plus the stated processing fee. I understand this authorization will remain in effect until I cancel the recurring payment by either selecting “Remove” option in homeowners association portal within one business day of next scheduled charge or notifying my homeowners association’s management company in writing within 14 calendar days of due date of the next scheduled charge. I am the owner or an authorized signer of the card account provided and understand that my information will be securely stored on file for use in future charges.