CODE OF VIRGINIA FEE FOR LATE PAYMENT OF ASSESSMENTS (§ 3.2-4811) Any manufacturer or guarantor who does not pay an assessment for variance from label guarantee within 60 days shall pay to the Commissioner a late payment fee of 10 percent of the assessment or $ 50, whichever is greater, in addition to the assessment for variance from label guarantee. HISTORY: 1994, c. 743, § 3.1-828.13; 2008, c. 860.