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October 16, 2011 By Lydia J. Alford

Louisiana Condo Associations limited on late fee charges

In 2011 the Louisiana legislature passed a new law that sets parameters for condominium late fees. Under the new law, late fees cannot be charged within ten days of the due date and cannot exceed thirty percent of the monthly assessment. As with the new law requiring condo associations to carry fidelity insurance discussed in a […]

Filed Under: Condo HOA Tagged With: Condominium, late fees

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