I proposed a payment plan to my homeowner's association in the amount of $200 biweekly for 14 weeks for a total of a little over $2,800 in delinquent assessments. I was advised that I could enter the payment plan but the law office would charge $190 to draft the agreement and the association would charge me $74.45 per month in interest. This makes this a very costly plan nearly $1,000 in fees. What limits if any does Texas impose on HOA's ability to charge interest during a payment plan?