In the case where a member is past due more than $1,000 for more than 30 days and ELHA has enlisted our attorney to start the collections process we will institute the following policy / payment plan as an option to avoid foreclosure as follows:
1⁄2 payment up front – Monthly installments in the amount of 1/12 of the remainder of the past due amount plus interest plus the collection cost paid monthly until balance is zero.
If for any reason monthly payments were to stop before entire balance is paid in full we would begin foreclosure proceedings again.
