Virginia Code 55.1-1824: Assessments; late fees
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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.
Terms Used In Virginia Code 55.1-1824
- Declaration: includes any amendment or supplement to the instruments described in this definition. See Virginia Code 55.1-1800