Common use of HOW Clause in Contracts

HOW. The preauthorized electronic assessment payment service uses the Federal Reserve System’s Automated Clearing House (ACH) to facilitate electronic transfers from homeowner checking and savings accounts directly into the association’s bank account. Funds are transferred on a pre- selected day of the month and appear on the homeowner’s bank statement each month. Information regarding payments is reported to the association’s management or bookkeeping company on the same day funds are deposited to the association’s account.

HOW. The preauthorized electronic assessment payment service uses the Federal Reserve System’s Automated Clearing House (ACH) to facilitate electronic transfers from homeowner checking and checking/savings accounts directly into the association’s bank account. Funds are transferred on a pre- selected or about the 15th day of the month and appear on the homeowner’s bank statement each month. Information regarding payments is reported to the associationAssociation’s management or bookkeeping company on the same day funds are deposited to the associationAssociation’s account.. If you have questions or need further information, please contact our Homeowner’s Association experts at:

HOW. The preauthorized electronic assessment payment service uses the Federal Reserve System’s Automated Clearing House (ACH) to facilitate electronic transfers from homeowner checking and checking/savings accounts directly into the association’s bank account. Funds are transferred on a pre- selected the 10th day of the month and appear on the homeowner’s bank statement each month. Information regarding payments is reported to the association’s management or bookkeeping company on the same day funds are deposited to the association’s account.

HOW. The preauthorized electronic assessment payment service uses the Federal Reserve System’s Automated Clearing House (ACH) to facilitate electronic transfers from homeowner checking and checking/savings accounts directly into the association’s bank account. Common Fee charges are posted to the homeowner's account ledger on the 1st of every month. Funds are transferred on a pre- selected day of the month typically withdrawn in 1 to 3 business days and will appear on the homeowner’s 's bank statement each month. Information regarding payments is reported to the association’s management or bookkeeping company on the same day funds are deposited to the association’s account.

HOW. The preauthorized electronic assessment payment service uses the Federal Reserve System’s Automated Clearing House (ACH) to facilitate electronic transfers from homeowner checking and checking/savings accounts directly into the association’s bank account. Funds are typically transferred on a pre- selected by the 1st business day of the month and appear on the homeowner’s bank statement each month. Information regarding payments is reported to the association’s management or bookkeeping company on the same day funds are deposited to the association’s account. Read, complete a sign the Authorization Agreement below and provide our office with a voided check.