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#1709317 - 06/12/12 04:10 PM HELOC late fees
Happy28 Offline
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Joined: Jun 2011
Posts: 16
In MA and/or with Fed Reg is there a limit on how much a lender can charge on a late fee?

Thank you.

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#1709408 - 06/12/12 05:45 PM Re: HELOC late fees Happy28
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 46,844
Bloomington, IN
These late fees will be governed by MA law therefore you will need to research them, or repost your question in the MA state specific forum, to find the allowable charge.
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The opinions expressed are mine and they are not to be taken as legal advice.

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#1897906 - 02/18/14 07:01 PM Re: HELOC late fees Happy28
Happy28 Offline
New Poster
Joined: Jun 2011
Posts: 16
Thank you Dan!

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#1897915 - 02/18/14 07:22 PM Re: HELOC late fees Happy28
dblack Offline
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Joined: Feb 2008
Posts: 263
AL
Also, if your loan is an HCML the late fee can only be 4% of the payment amount.
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