Question:
HELLO
IS IT LEGAL FOR HOA TO CHARGE A FINE FEE OF 25.00 DAILY? ALSO HOW MUCH INTEREST CAN THEY CHARGE FOR EXAMPLE MY YEARLY DUES IS 720 I DEFAULTED AND DISPUTSTED FOR 2 YEARS WHEN I PAID MY TOTAL WAS 5000 INCLUDING LAWYER FEES BUT I WOULD LIKE TO GET A REVIEW OF THAT AS I BELIEVE MY HOA MAKES THINGS UP AND TREATS IT AS LAWS AND ITS NOT FAIR
– Desiree
Answer:
Hi Desiree,
It depends on your governing documents. Your CC&Rs should tell you how much your HOA can charge in terms of fines, dues, and interest. Additionally, if you would like a breakdown of your assessments, you may request your board to provide you with a statement of account.
Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.
