Skip to content
BOL Conferences
Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums Lending Compliance Maximum Late Charge
Thread Options
#993729 - 07/11/08 06:34 PM Maximum Late Charge
mstark Offline
Gold Star
mstark
Joined: Mar 2006
Posts: 336
Bank
Are there limitations on the amount of late charge we can have on a loan? Currently we have 25.00 or 5%.
_________________________
Thanks

Return to Top
Lending Compliance
#993744 - 07/11/08 06:51 PM Re: Maximum Late Charge mstark
happy2comply Offline
New Poster
Joined: Jan 2008
Posts: 18
NC
There are limitations for late charges depending on the type of loan you're talking about but these vary by state. You would probably need to find out what the limitation specifically is for your state.

Return to Top

Moderator:  Andy_Z