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#1844927 - 08/22/13 03:33 PM Commercial Credit and Late Charge Grace Period
heathern Offline
Member
Joined: Dec 2008
Posts: 65
Currently, our bank allows a 15 day grace period for loan payments. There has been some discussion about changing the grace period to 10 days only for commercial credits. Is there any issues that any of you could forsee with doing this? Thanks in advance.

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Lending Compliance
#1844928 - 08/22/13 03:33 PM Re: Commercial Credit and Late Charge Grace Period heathern
Kathleen O. Blanchard Offline

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Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,293
This will be a state law issue.
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Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
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www.kaybeescomplianceinsights.com

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