Your understanding is wrong.

HOA = Home Owners Association. You are responsible if the HOA runs out of money. When you fight with your HOA, you can never win financially. The HOA can hire a full priced attorney. And if necessary it can raise your HOA dues to pay for the attorney fees. But some board members of the HOA could create trouble for you, if they want to. Regarding paying HOA dues, why don't you open an account at a major US bank and set up automatic payments?!

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