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#2282286 - 03/15/23 08:34 PM Charging interest on repo fees
Kristi Offline
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Kristi
Joined: Feb 2005
Posts: 94
How does everyone handle repossession fees? Do you add them back to the loan balance or add it at the end to determine the total amount owed? If you add it back to the loan balance, is interest charged on that fee?

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Lending Compliance
#2282288 - 03/15/23 08:38 PM Re: Charging interest on repo fees Kristi
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,227
Galveston, TX
Totally depends on your State law and the loan contract as to what fees you can capitalize into the principal balance.
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