What is a clearinghouse association?

Answer a voluntary group of banks located in the same city and having a mutual agreement to facilitate the daily exchange of checks, drafts and notes among themselves

Top Q&A For: What is a clearinghouse association

What is a brokerage clearinghouse?

Stocks and commodities are traded every day by millions of investment firms. These firms, in turn, have numerous clients who buy and sell stocks. High trade volumes between companies and investment... Read More »

How to Cite the ERIC Clearinghouse in APA?

There are various theories as to why Johnny (or Jenny) can't read. You'll find many of these theories on ERIC. Education Resources Center (ERIC) bills itself as "the world's largest digital library... Read More »

The president of the home owners association does not pay a monthly association fee and every body else pays-is this correct?

No. Unless there is a specific entry in the governing documents that forgives the president's obligation, the president pays assessments, just like every other owner.

Can a board member of a Home Owners Association be a paid employee of the association?

It doesn't sound like a good idea because of a conflict of interests. HOWEVER: you would have to research the wording of your HOA documents to determine if this is prohibited or not.