Other than the GFLA, are there any prohibitions on the amount of late fees that a bank may charge, such as on a 90-day note. I noticed a reference in 7-4-18 that “a) Any person, company, or corporation who shall reserve, charge, or take for any loan or advance of money, or forbearance to enforce the collection of any sum of money, any rate of interest greater than 5 percent per month, either directly or indirectly, by way of commission for advances, discount, exchange, or the purchase of salary or wages; by notarial or other fees; or by any contract, contrivance, or device whatsoever shall be guilty of a misdemeanor”. I wasn’t sure how this applied to late fees. Would you please advise on how to treat late charges in Georgia?