Title 57 Chapter 8a Part 2 Section 201

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Index	Utah Code
Title 57	Real Estate
Chapter 8a	Community Association Act
Part 2	Administrative Provisions
Section 201	Payment of a common expense or assessment -- Late fees. *(Effective 5/7/2025)*

Effective 5/7/2025
57-8a-201. Payment of a common expense or assessment -- Late fees.

(1)

An owner shall pay the owner's proportionate share of:

(a)	the common expenses; and

(b)	any other assessments levied by the association.

(2)

A payment described in Subsection (1) shall be in the amount and at the time determined by the board of directors in accordance with the terms of the:

(a)	declaration; or

(b)

bylaws.

(3)

An assessment levied against a lot is:

(a)	a debt of the owner at the time the assessment is made; and

(b)	collectible as a debt described in Subsection (3)(a).

(4)

The board of directors may impose, for a late payment:

(a)

a late fee, not to exceed the greater of:

(i)	10% of the assessment amount; or

(ii)

$50; and

(b)	interest on the assessment and late fee of up to 1.5% per month.

(5)

Before imposing a fee under this section, the board of directors shall:

(a)	adopt a fee schedule by rule in accordance with Section 57-8a-217 that describes the amount of fee the board shall impose; and

(b)	provide a copy of the fee schedule to each lot owner.

Amended by Chapter 226, 2025 General Session

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