Well that will depend on PA's code. You should definitely be able to raise your fees to the maximum allowable for your new loans, but may not be able to for existing loans. In IN our late fees are adjusted every 2 years. At that time we can increase the late fees for new accounts and we can also, if the proper disclsoure was given and contracted for, increase the late fees on the existing accounts. Look at PA's code to see what your options are.
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The opinions expressed are mine and they are not to be taken as legal advice.