Adding interest on your Association client’s delinquent assessments, can provide the association with “found money”.
Many attorneys that include interest on client’s liens rely on the calculations of others. These calculations either overcharge or undercharge the proper amount of interest. We can validate the calculations of others to insure compliance with both Federal and State laws or we can eliminate this problem by performing the calculations for you.
A recent United States District Court, Southern District of Florida, Omnibus Order contained: “Martinez also cites [Association Analytics Group’s] report, which on review of the ledger concludes that “the amount of interest being demanded by … [Law Firm] exceeds the statutory limit [pursuant to Fla. Stat. § 718.116(3)] of 18% per annum” and that “[I]t does not appear that this ledger makes any attempt to apply payments in the manner dictated by [Fla. Stat. § 718.116(3)].”