Va. Code § 55.1-1824
Current with changes from the 2024 legislative session through ch. 845
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.
Va. Code § 55.1-1824