HOA late fees?

Question

My HOA is trying to charge me 100$ late fee on a 270$ prepay quarterly I'm trying to find out info if they are aloud to do this. I found a new statue that passed on July 1 /07 that states. (a) If the declaration or bylaws so provide, the association may also
charge an administrative late fee in an amount not to exceed the greater of
$25 or 5 percent of the amount of each installment that is paid past the due
date. Its statue bill 720.3085 can anyone find info or tell me if the can only charge me the 5% which only comes to 13.50$ not 100.00$ please answer asap thank you.

flordia is the state and its a gated communitiy

Answer 1

You failed to mention what state you live in. Many states have multiple HOA fee regulations. Some states allow differences for planned and gated communities. Some fees and restriction apply to condo areas and not gated areas. Some neighboehood HOAs are allowed a different set of regulations.
Without knowing your location I cannot research for additional regulations.pp