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2012 SESSION

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HB 418 Condominium and Property Owners' Association Acts; imposition of late fees on assessments.

Introduced by: Vivian E. Watts | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED HOUSE: (all summaries)

Condominium and Property Owners' Association Acts; assessments; imposition of late fees.  Authorizes condominium and property owners' associations, except to the extent the declaration provides otherwise, to impose a late fee of not more than $15 or such other amount as may be determined by the board of directors, not to exceed $50, for any assessment or installment thereof that is not paid on the due date for payment of the assessment or installment.


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