CCIOA Corner-Interest on Delinquent Accounts
If your governing documents are silent concerning the rate of interest to be imposed on delinquent assessments, how do you set the rate? It may assist you to know that CCIOA sets a cap on the rate of interest that may be charged by post-CCIOA communities. Specifically, Section 315(2) of CCIOA caps interest on delinquentGo to Resource