Question

A coopoerative or HOA may suspend the voting rights of a member due to non payment of any monetary obligation due to the association which is more than 90 days delinquent.

a. true
b. false

Answer 1

A cooperative or HOA can suspend the voting rights of a member for non-payment of monetary obligations over 90 days.

Step-by-step explanation:

The statement is true. A cooperative or HOA (Homeowners Association) can indeed suspend the voting rights of a member if they have not paid any monetary obligations owed to the association and are more than 90 days delinquent. This is typically outlined in the association's bylaws or governing documents.

The rationale behind this suspension of voting rights is to incentivize members to fulfill their financial obligations to the association. By doing so, it ensures that the association has the necessary funds to maintain and manage the common areas and amenities for the benefit of all members.

In many instances, the associations may offer alternative methods to resolve outstanding debts or allow members to regain their voting rights through a payment plan or by bringing their delinquency current.