Bill Text: VA HB2442 | 2017 | Regular Session | Enrolled
Bill Title: Collection fees, local; an ordinance for collection of overdue accounts.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Vetoed) 2017-05-02 - Governor: Vetoed by Governor [HB2442 Detail]
Download: Virginia-2017-HB2442-Enrolled.html
Be it enacted by the General Assembly of Virginia:
1. That §15.2-105 of the Code of Virginia is amended and reenacted as follows:
§15.2-105. Penalty and interest for failure to pay accounts when due.
Any person failing to pay, pursuant to an ordinance, any
account due a locality on or before its due date, other than taxes which are
provided for in Title 58.1, may, at the option of the locality, incur a penalty
thereon of ten dollars $10 or an amount not exceeding ten
10 percent. The penalty shall be added to the amount of the account due
from such person. No penalty shall be imposed for failure to pay any account if
such failure was not in any way the fault of the debtor.
Interest at the rate of ten 10 percent annually
from the first day following the day such account is due may be collected upon
the principal and penalty of all such accounts. The ordinance may also
provide for the imposition of collection and administrative fees, not to exceed
the amount provided for in §58.1-3958.