Non Payment of Assessments

This might be a dumb question, but our CC&R's refer to non payment of assessments shall bear interest from the due date at the legal rate of interest for judgements. How do I find out what the "legal rate of interest for judgements" is?

Also so far I have not find anything in our By-Laws that refer to removal of Board Members not in good standing. Am I just not seeing it?

JoeW1 is right on the money. I just wanted to add that our CC&R's does state in the foreclosure area, that we can charge 6% interest. Some documents allow for interest to be a certain amount above the prime rate at an assigned date. Much like credit card companies do. I've heard some states do allow up to 20%. There is a legal limit on what interest you can charge on any borrowed or owed money. It's a state law. It varies for each state.

As far as removing a board member behind in dues, that's really a personal judgement. The board member may do an excellent job, but fell behind in paying dues due to personal reasons. Does that mean they automatically should be removed? It does take a majority vote (51-90%) to remove a board member. The reasons for removing are many.

Here's the "rub". You don't even have to be in "good standing" to run for office. You just can NOT vote for yourself. Typically, you lose the ability to vote if your not in good standing in a HOA. So a person may be "popular" amongst all the members and still get elected even if they owe the HOA money. However, this isn't going to happen very often. Most people aren't going to vote for someone knowingly behind in their dues. So it's really a miniscule worry in the big picture. Who knows they may not be paying their dues in protest because they hate the board and want to knock them out of office!