I seem to have the hardest time searching state law. I am researching our current late fee situation. I found in the Credit Reform Act 445.1856 (c) a late fee allowed by this subdivision shall not exceed $15.00 or 5% of the installment payment, whichever is greater. Is the same for both indirect and direct loans?
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Michelle CRCM

"What would you attempt to do if you knew you could not fail?" ~ unknown