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Code of Virginia (Last Updated:July 28, 2020) |
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TITLE 55. Property and Conveyances |
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CHAPTER 26. Property Owners' Association Act |
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ARTICLE 3. Operation and Management of Association |
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SECTION 55-513.3. Assessments; late fees |
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Except to the extent that the declaration or any rules or regulations promulgated pursuant thereto provides otherwise, the board may impose a late fee for, not to exceed the penalty provided in § 58.1-3915 , any assessment or installment thereof that is not paid within 60 days of the due date for payment of such assessment. |