CODE OF VIRGINIA ASSESSMENTS; LATE FEES (§ 55-513.3) Except to the extent that the declaration or any rules or regulations promulgated pursuant thereto provides otherwise, the board may impose a late fee for, not to exceed the penalty provided in § 58.1-3915, any assessment or installment thereof that is not paid within 60 days of the due date for payment of such assessment. HISTORY: 2013, c. 256; 2014, c. 239.