Finance Receivables - Original Product

12 Months Ended

Dec. 31, 2016

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:

	2016		2015
Funded during the current year	$	80,000		94,000
1-2 years outstanding		31,000		87,000
2-3 years outstanding		37,000		193,000
3-4 years outstanding		144,000		390,000
Greater than 4 years outstanding		744,000		773,000
	$	1,036,000	$	1,537,000
Number of active units with delinquent assessments		1,490		1,983
Amount of outstanding interest and late fees on active units	$	18,000,000	$	21,000,000