Code of Virginia (Last Updated:July 28, 2020) |
TITLE 55.1. Property and Conveyances |
SUBTITLE IV. Common Interest Communities |
CHAPTER 18. Property Owners' Association Act |
ARTICLE 3. Operation and Management of Association |
SECTION 55.1-1824. Assessments; late fees |
Except to the extent that the declaration or any rules or regulations promulgated pursuant to such declaration provide otherwise, the board may impose a late fee that does not exceed the penalty provided in § 58.1-3915 for any assessment or installment that is not paid within 60 days of the due date for payment of such assessment. 2013, c. 58.1-3915 , § 55-513.3; 2014, c. 58.1-3915 ; 2019, c. 58.1-3915 . |