Quote:
Posted By DorothyO on 05/06/2009 5:08 PM
Could someone please explain to me what Rules and Regulations mean in this context? I've not been clear on the difference between rules, regulations and resolutions. Are these Rules and Regulations that have been passed in the past by the BOD, and now want to be changed to something else? All of them?
Dorothy
Dorothy,
Some of these terms are used differently by various HOAs. Here's how we look at them:
Rules would be our CC&Rs and ByLaws which typically can only be changed by a Membership vote. Resolutions are interpretations of the main docs which we accomplish via BOD action.
For instance, a Rule we have is that fines can be levied for late/non payment of dues. By Resolution, our BOD set the guidelines as to when, how much, process, etc. for collection.
Hope that helps.