Late Fees, Fines, and Collection Costs: What Your HOA Can Actually Charge You

Updated August 2026 · Grounded in 2026 Minn. Laws ch. 82 (SF1750)

Whether you're evaluating a current HOA's fee schedule or a prospective one, it helps to know the real caps rather than guess whether a number sounds reasonable. Minnesota's 2026 HOA law (2026 Minn. Laws ch. 82 / SF1750) put real statutory dollar limits on several of these for the first time.

ChargeMaximum allowed
Late fee — regular monthly assessment$15
Late fee — special assessmentLesser of 5% of the amount owed, or $100
Fine — single rule violation$100
Fine — ongoing violation (combined total)$2,500
Attorney fees — ordinary collection action$1,500
Attorney fees — foreclosure by advertisementNo statutory cap — set by the association's own declaration/bylaws (Minn. Stat. § 515B.3-116(h)(4))

Late fees

A late fee on a regular monthly assessment can't exceed $15. For a special assessment, it's capped at whichever is smaller — 5% of what's owed, or $100 flat. That "whichever is smaller" detail matters: on a $500 special assessment, 5% is $25 (the applicable cap), not $100.

Fines for rule violations

A single violation can't be fined more than $100. If the violation continues after that, the association's combined fines for that ongoing issue are capped at $2,500 total — not $100 repeated indefinitely.

Attorney fees — collection vs. foreclosure

This is where a lot of explanations blur two different things together. Attorney fees for an ordinary collection action are capped at $1,500. Attorney fees specifically for foreclosure by advertisement are not capped by statute at all — they're set by the association's own declaration or bylaws. We cover this distinction, and why it matters, in more depth in our foreclosure guide.

A practical way to use this

If a current or prospective HOA's fee schedule shows a late fee, fine, or collection attorney fee above these figures, that's worth asking about directly — either it predates the 2026 law and needs updating, or there's a real explanation worth hearing.

This is general information, not legal advice, current as of August 2026. Confirm current figures and effective dates with a Minnesota attorney before relying on any number here for a specific dispute or decision.

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