Is there any clarification that after the 6 months grace period can we charge late fees?
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#2234484 - 3 hours ago Re: Lenders approved to make PPP Loans [Re: Andy_Z]
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 72,554
Galveston, TX
Lender Agreement
7. Prohibited Fees. Other than a fixed interest rate of 1.0% on the covered loan, Lender is not permitted to charge or receive any bonus, fee, prepayment penalty, commission or other payment or benefit from a borrower in connection with the making or servicing of any covered loan under the Paycheck Protection Program.
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A bit messy, but I copied and pasted the question and Randy's response. If you're not set up to read the private forums, I don't think you can see the thread.
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