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FINES
Fines are used to enforce HOA guidelines. If a resident violates their association's
rules or is delinquent on payments, the HOA board can issue a monetary fine for the
offense. Different types of fines include:
• HOA violation fines. HOA fines are penalties for homeowners who violate HOA
rules and regulations.
• Late charges. Associations may issue late fees for unpaid HOA assessments
or fines.
• Interest. Some HOAs charge interest on past-due amounts in accordance with
state laws and the association's governing documents.
• Attorney fees. If a homeowner's account goes to collections or the association
must take legal action for delinquent payments, some HOAs have the authority
to charge the homeowner for attorney fees.
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