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2025 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.
Universal Citation:
UT Code § 57-8a-201 (2025)
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Effective 5/7/2025
57-8a-201. Payment of a common expense or assessment -- Late fees.
Amended by Chapter 226, 2025 General Session
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.
- (a)a late fee, not to exceed the greater of:
- (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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