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#2074595 - 04/18/16 09:30 PM Late Fee Mortgage Loan
ledfoot Offline
Member
Joined: May 2004
Posts: 93
Georgia
Are late charges on residential real estate loans and MH limited to 15 day grace period with maximum of 5% of late payment? I may have it mixed up with something else. I'm thinking thought late fees are subject to state law.
Thanks
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Ledfoot

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#2074627 - 04/19/16 12:51 PM Re: Late Fee Mortgage Loan ledfoot
RR Joker Offline
10K Club
RR Joker
Joined: Nov 2002
Posts: 20,654
The Swamp
It used to be that way on mobile homes. It's still 15 days, but the $5.00 max went away some years ago.
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My opinion only. Not legal advice.

Say you'll haunt me - Stone Sour

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#2074630 - 04/19/16 12:51 PM Re: Late Fee Mortgage Loan ledfoot
RR Joker Offline
10K Club
RR Joker
Joined: Nov 2002
Posts: 20,654
The Swamp
Doesn't apply to stick built, btw.
_________________________
My opinion only. Not legal advice.

Say you'll haunt me - Stone Sour

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