Delinquency Policy
 as of February 11, 2025

Every homeowner at Palmetto Dunes agreed to be bound to the Declarations and By-laws, and the Rules and Regulations when they signed closing documents and took ownership.  The following NEW collection policy is offered as a reminder to ensure everyone is aware of the consequences of failing to live up to their financial obligation by paying quarterly COA fees in a timely fashion.  

Palmetto Dunes dues are paid quarterly and due January 1, April 1, July 1 and October 1 of each year.   

Payments paid on or before nine (9) days after the due date (i.e. January 10th) shall be considered the “grace period” and shall not incur a penalty or bear interest.  

Payments 10 days or more past due will trigger a reminder notice to be sent via US mail and/or email to all known addresses of the homeowner. Palmetto Dunes will impose a late payment fee pursuant to Florida Statute 718.116, up to the greater of $25 or 5% of each delinquent installment for which the payment is late. All sums not paid by the thirtieth (30th) day of the month shall bear interest at 18% per annum, until paid. 

Payments 30 days or more past due will trigger a formal Notice of Late Assessment letter which will include any past due amounts plus the calculation of interest owing to date and the late payment fee noted above.

Payments 60 days past due will see the matter turned over to attorneys to initiate the legal collection process.  Delinquent homeowners will also be liable for attorney fees in this instance.  

Payments 90 days past due will see the suspension of rights to the use of the Pelican Sound Club invoked.  The suspension of rights to the Club also carries a $150 reinstatement fee.  

Pursuant to Florida Statute 718.116, any late payment received by the association will be applied first to any interest accrued by the association, then to any administrative late fee, then to any cost and reasonable attorney fees incurred in collection, and then to the delinquent dues.  

It is the responsibility of all residents to keep their contact information current with Frankly Coastal/Collier Financial. This would include mailing address, email address, and phone number. If unsure your information is current, homeowners should contact Frankly Coastal:

Susan Beuschel
Frankly Coastal
4985 Tamiami Trail East
Naples, FL  34113
239-774-7088 or by emailing:  finance@franklycoastal.com

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Note: New delinquency policy approved January 14, 2025. Revisions approved February 11, 2025 are in red. Policy is effective with April 1st, 2025 COA fee. 

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