part one what is the allowed interest rate on past dues in Florida? per
FL 720.3085 [emphasis added]:
(3) Assessments and installments on assessments that are not paid when due
bear interest from the due date until paid at the rate provided in the declaration of covenants or the bylaws of the association, which rate may not exceed the rate allowed by law. If no rate is provided in the declaration or bylaws, interest accrues at the rate of 18 percent per year.
(a) If the declaration or bylaws so provide, the association may also charge an administrative late fee not to exceed the greater of $25 or 5 percent of the amount of each installment that is paid past the due date.
(b) Any payment received by an association and accepted shall be applied first to any interest accrued, then to any administrative late fee, then to any costs and reasonable attorney’s fees incurred in collection, and then to the delinquent assessment. This paragraph applies notwithstanding any restrictive endorsement, designation, or instruction placed on or accompanying a payment. A late fee is not subject to the provisions of chapter 687 and is not a fine.
If your Association is covered under a different statute, you can check that statute out at:
http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Index&Title_Request=XL#TitleXL part two are past due names published? That is a decision each Association has to make on it's own.
Typically, there is no rule against publishing the names and discussions on this site have given mixed opinions on the benefits of publishing the names.
part three what would be the justification for doing that? Peer pressure.
Additionally, if the member would be embarrassed if they knew that names would be published, they may make more of an effort to make sure the assessment is paid.
If you want to read some of the discussions we have had, do a search for "publish names" by clicking on the search icon on the right side of the page above the forums.