If an assessment is delinquent, an association may recover interest on (1) the delinquent assessments; (2) reasonable fees and costs of collection; and, (3) reasonable attorney’s fees, at up to 12% per annum, commencing 30 days after the assessment becomes due. If the declaration specifies interest at a lesser rate, the lesser rate of interest applies. (Civ. Code §5650(b))

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