Finance Receivables - Original Product

12 Months Ended

Dec. 31, 2018

Original Product [Member]

Finance Receivables

Note 2. Finance Receivables – Original Product

The Company’s original funding product provides financing to community associations only up to the secured or “Super Lien Amount” as discussed in Note 1.  Finance receivables for the original product as of December 31, based on the year of funding are approximately as follows:

	2018			2017
Funded during the current year	$	79,000		$	118,000
1-2 years outstanding		35,000			38,000
2-3 years outstanding		18,000			12,000
3-4 years outstanding		7,000			24,000
Greater than 4 years outstanding		411,000			640,000
		550,000			832,000
Reserve for credit losses		(125,000	)		(194,000	)
	$	425,000		$	638,000
Number of active units with delinquent assessments		826			1,162
Amount of outstanding interest and late fees on    active units	$	11,268,000		$	14,600,000