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.

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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

2013, c. 256, § 55-513.3; 2014, c. 239; 2019, c. 712.