Starting today (July 9), fines are now being issued for all penalty violations. For the past several months, fines for non-lockbox penalty violations were not being issued while we educated Subscribers. We sent an email to all Subscribers today but here are a few extra points:
“The rules haven’t changed, the penalty policy is what changed.”
That mantra can be heard through the halls of ARMLS. It’s true, the rules didn’t change, the way we issue violations has. There are now automatic fines. The first penalty violation, excluding lockbox violations, you receive each year will not have a fine attached. You get one freebie each calendar year.
“All non-lockbox penalties will be assessed at 50% of the listed amounts.”
To better prepare Subscribers for enforcement, from July 9, 2015 through December 31, 2015, all non-lockbox penalties will be assessed at 50% of the listed amounts. This phased approach will help Subscribers understand the new policy.