Auto-Draft Enrollment with Prior Balance

THIS FORM AUTHORIZES CAMS TO DRAFT THE CURRENT BALANCE ON MY ACCOUNT IN FULL AND TO ENROLL MY ACCOUNT IN RECURRING AUTO-DRAFT WITHDRAWALS FOR FUTURE PAYMENTS TO THE ASSOCIATION

I hereby request to have my Community Association Assessments automatically drafted from my bank account on the 10^th day of the Association’s billing cycle.

Note:

Prior to enrolling in automatic draft, your balance must be paid in full. If you have a balance due, CAMS will draft your total current balance as a one-time draft to bring your account current, and then enroll you in ongoing automatic draft based on the information provided below.
The full current balance owed on your account* will be drafted within seven (7) business days of the date on this form. You are responsible for verifying the amount owed in your owner online portal and you herewith approve the full amount* owed on your ledger to be drafted from your bank account on the draft date.
*If your regular assessment will be billed prior to this one-time courtesy draft occurring, then the additional amount will be drafted together with the prior balance to bring your balance to $0.
If a late fee is incurred AFTER this form has been submitted, the late fee will be waived.

The ongoing recurring auto-draft will automatically start on the 10th of the month when your next assessment has been billed (assessments are billed on the 1st). Scroll down to view IMPORTANT INFORMATION

Date of Request * +

Association Name *

Your Email Address *

Bank Routing Number *

Bank Routing Number - re-enter to confirm correct *

Bank Account Number *

Bank Account Number - re-enter to confirm correct *

Account Type? *

Checking

Savings

Your Name *

Your Phone Number *

Property Address *

AUTHORIZATION AGREEMENT: I hereby authorize CAMS to automatically deduct homeowner’s assessments for the homeowner association /community indicated above. I further authorize the financial institution to accept this debit and charge it to my account. I understand that both the financial institution and CAMS reserve the right to terminate my participation in this payment plan. I also understand that I may discontinue enrollment with written notice to CAMS no less than 10 business days prior to the scheduled draft date. Should the draft amount be rejected by my bank due to incorrect account information, insufficient funds or for other reasons, I understand that I will incur fees for the rejected payment that are immediately payable and my enrollment may be discontinued without notice. *

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IMPORTANT INFORMATION REGARDING YOUR AUTO-DRAFT ENROLLMENT

Requests to start or stop Automatic Draft must be submitted in writing, at least 10 full business days in advance of the draft date.
Assessments are billed on the first of the month, however, your payment is drafted around the 10th of the month. We do not send billing statements to owners who pay via Auto-Draft. You may view your account transactions and print a statement of your account when you log in to the Owner Portal at https://portal.camsmgt.com/
The draft amount will automatically change according to your Association’s yearly budget, no action is needed on your part if the assessment amount changes next year.
Special Assessments may be drafted per the published payment schedule if authorized by the Board of Directors for your Community Association when the assessment is billed (varies by Association, contact camsar@camsmgt.com with questions if you have an active special assessment).