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Current as of January 01, 2024 | Updated by Findlaw Staff
A reasonable interest charge, approved by the board of directors, may be added to assessments that remain unpaid after one year from the notification of the assessment, and may accumulate annually thereafter on the unpaid balance.
Cite this article: FindLaw.com - Rhode Island General Laws Title 45. Towns and Cities § 45-57-8. Unpaid assessments - last updated January 01, 2024 | https://codes.findlaw.com/ri/title-45-towns-and-cities/ri-gen-laws-sect-45-57-8/
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