Question:
How much can an HOA charge in late fees. I am being billed $325 in late and legal fees on a $189 debt which seems excessive to me.
-Shawn
Answer:
Hi Shawn,
Indiana law currently does not regulate how much an HOA can charge in late fees. Homeowners associations generally have the power to set late fees, which usually compound when left unpaid for a long time. That being said, you should check your governing documents to see the rules in place in your HOA. Check to see whether or not your HOA can impose late fees and what the rules are on how much they can charge you.
Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.
