Utah Code § 57-8a-201: Payment of a common expense or assessment -- Late fees.

(1) An owner shall pay the owner's proportionate share of:

(a) the common expenses; and

(b) any other assessments levied by the association.

(2) A payment described in Subsection (1) shall be in the amount and at the time determined by the board of directors in accordance with the terms of the:

(a) declaration; or

(b) bylaws.

(3) An assessment levied against a lot is:

(a) a debt of the owner at the time the assessment is made; and

(b) collectible as a debt described in Subsection (3)(a).

(4) The board of directors may impose, for a late payment:

(a) a late fee, not to exceed the greater of:

(i) 10% of the assessment amount; or

(ii) $50; and

(b) interest on the assessment and late fee of up to 1.5% per month.

(5) Before imposing a fee under this section, the board of directors shall:

(a) adopt a fee schedule by rule in accordance with Section 57-8a-217 that describes the amount of fee the board shall impose; and

(b) provide a copy of the fee schedule to each lot owner.