Court Limits Amount of Interest, Late Fees, and Attorney Fees HOA Can Collect

Louisiana Appellate Court Decision (October 18, 2017).

This case involved a dispute between a homeowners association (“Association”) and a homeowner (“Owner”) over the amount of interest, late fee charges, and attorney’s fees Owner was responsible for after Association took action to collect delinquent assessments. The unpaid assessments, which were payable twice per year, totaled $10,320.00 and dated back approximately four years before Association took action to collect them. When Association finally took action to collect the assessments, it also requested attorney fees at the rate of 35%, late fees at the rate of 10%, and interest at the rate of 12%.