LATE FEES - Docutech LLC

LATE FEES

Legal Disclaimer: Although a good faith attempt has been made to make this table as complete as possible, it is still subject to human error and constantly changing laws. It should neither be considered complete nor used as a substitute for legal advice. No warranty, either expressed or implied, is attached in any regard to this table. Any reproduction, distribution, sharing, or modification of this table without the express written permission of an authorized agent of DocuTech Corporation is prohibited. Notes: With the exception of consumer loans in Oklahoma, all minimum charge amounts listed are optional.

Last Updated: October, 2012

Property of DocuTech Corporation

Page 1

State Loan Type

Loan Amount

Lien Type

Days Late Maximum (Minimum) Percentage

Minimum Charge

Maximum Charge

Legal Reference

AL

Consumer Credit Transaction1

Any

Any

Loan,

AL

forbearance of money, or credit

>$2000

Any

sale

AK

Small Loan2

$25,000

Any

Installment Loan3 $10,000

AK (Maturity < 7 (excluding

Any

years)

interest)

AZ

Consumer Lender $10,000

Loan4

(principal)

Any

AZ Closed-End Loan5 $5,000

Any

AR Industrial Loan6

Any

Any

Real Property

CA

Secured Loan

Any

Any

(REL)7

CA

Delinquent Balloon Payment (REL)8

Any

Any

Real Property (a

single-family,

CA owner-occupied

Any

Any

unit) Secured Loan (CRMLA)10

Property of DocuTech Corporation

10

5%

$18

$100

ALA. CODE ? 5-194(a) (2012)

ALA. CODE ?? 5-19-

4(a), & 8-8-5(a)

10

Not

Not

Not

(West 2012); Cantrell

unconscionable unconscionable unconscionable v. Walker Builders,

Inc., 678 So. 2d 169

(Ala. Civ. App. 1996)

ALASKA STAT. ANN. ?

Any

10%

None

$25

06.20.260(a)(6)

(West 2012)

ALASKA STAT. ANN. ?

15

5%

None

$15

45.45.080(c)(1)

(West 2012)

7

5%

None

None

ARIZ. REV. STAT. ? 6635(a)(1) (2012)

10

5%

None

$10

ARIZ. REV. STAT. ? 441205(a)(2) (2012)

Any

5%

None

None

ARK. CODE ANN. ? 2336-112 (West 2012)

10

10%

CAL. BUS. & PROF. CODE

$5

None

? 10242.5(a)-(b)

(West 2012)

10

(LSMI x 10%) x (1 + m)9

None

None

CAL. BUS. & PROF. CODE ? 10242.5(c) (West

2012)

10

6%

CAL. CIV. CODE ?

$5

None

2954.4(a) (West

2012)

Page 2

State CO

Loan Type

Loan Amount

Consumer Credit Transaction11

Insubstantial in relation to

value of collateral12

Lien Type Secondary

Days Late Maximum (Minimum) Percentage

10

5%

Minimum Charge

None

CT Any Type of Loan

Any

Any

Any

Reasonable

None

DE

Closed-End Loan13

Any

Any

Any

5%

DE

Revolving Credit Plan14

Any

Any

Any

Any

DC Any Type of Loan

Any

Any

10

5%

FL

High Cost HomeLoan15

Any

Any

15

5%

FL

Consumer Finance Loan16

$1,000 $25,000

Any

10

Any

FNMA

GA

Home Loan17 Conforming

Any

10

5%

Loan Limit

HI

Consumer Loans18

Any 19

Any

Any

5%

Property of DocuTech Corporation

None None None None None None None

Maximum Charge

None

None

None None None None

$10

None None

Legal Reference

COLO. REV. STAT. ANN. ? 5-2-203(1)

(West 2012)

CONN. GEN. STAT. ANN. ? 49-6c (West 2012); McKeever v. Fiore, 78 Conn. App. 783 (Conn.

App. Ct., 2003) DEL. CODE ANN. tit. 5, ? 2231(2) (West 2012); 5 DEL. ADMIN. CODE ?

2203-3.2.3 (2012) DEL. CODE ANN. tit. 5, ? 2222(a) (West 2012); 5 DEL. ADMIN. CODE ?

2203-3.1.6 (2012)

D.C. CODE ? 283310(b) (2012) FLA. STAT. ANN. ? 494.00791(13)

(West 2012)

FLA. STAT. ANN. ? 516.031(3)(a)(9) (West 2012); Fla. Admin. Code r. ?

69V-160.015

GA. CODE ANN. ? 76A-3(3) (West 2012) HAW. REV. STAT. ?

412:9-304(1) (West 2012)

Page 3

State Loan Type

Loan Amount

Precomputed

ID

Regulated Consumer Credit

Any

Transaction20

ID

Regulated Consumer Loan21

Any

All other Regulated

ID Consumer Credit

Any

Transactions22

IL

A loan23

Any

Lien Type

Days Late Maximum (Minimum) Percentage

Secondary

10

5%

Secondary

15

5%

Secondary

10

5%

Any

10

5%

Minimum Charge

$12.50

$15 $15 None

IL

High Risk Home Loan24

Any

Any

15

IN

First Mortgage Loan

Any

Primary

Any

Consumer

IN

Loan,26 Refinance, or

Consolidation

Any

Secondary

10

Interest-Bearing

IA Consumer Credit $25,000 Secondary

10

Transaction27

Precomputed

IA Consumer Credit $25,000 Secondary

10

Transaction28

4% after25

Any Any 5% 5%29

None None None None None

Maximum Charge

None None None None None None

$17.50

$15.00 $20.00

Legal Reference

IDAHO CODE ANN. ? 2842-301(1) (West 2012)

IDAHO CODE ANN.? 2842-301(2) (West 2012)

IDAHO CODE ANN.? 2842-301(3) (West 2012)

815 ILL. COMP. STAT. ANN. 205/4.1a (f)

(West 2012) 815 ILL. COMP. STAT. ANN. 137/80 (West

2012) IND. CODE ANN. ? 24-4.5-3-105 (West

2012)

IND. CODE ANN. ? 244.5-3-203.5; Ind.

Admin. Code tit. 750, r. 1-1-1(1) (West 2012)

IOWA CODE ANN. ? 537.2502(1)(b) & (2) (West 2012) IOWA CODE ANN. ? 537.2502(1) & (2)

(West 2012)

Property of DocuTech Corporation

Page 4

State Loan Type

Loan Amount

Lien Type

Days Late Maximum (Minimum) Percentage

IA

Open-End Credit30

Any

Secondary

Any

Secondary;

KS

Consumer Credit Transaction31

$25,000

Primary if conditions

10

are met32

Consumer Credit

KS

Transaction33 (Alternative

$25,000 Secondary34

10

Charge)

KY

Real Estate Loan36

Any

Any

10

KY

High-Cost Home Loan37

$15,000 $200,000

Any

15

Any 5%

Any None 5%

Consumer Loan

LA Secured by Fixed

Any

Any

Any

5%

Property38

LA

Residential Mortgage Loan39

Any

Any

Any

None

LA

Consumer Credit Transaction40

Any

Any

10

5%

LA

Revolving Loan Account41

Any

Any

10

Any

Minimum Charge

None None

None None $10 None None $10 None

Property of DocuTech Corporation

Maximum Charge

$15.00 $25.00 $1035

None None None None None $15

Legal Reference

IOWA CODE ANN. ?? 535.10(3)(b), & 537.2502(4) (West

2012)

KAN. STAT. ANN. ? 16a-2-502(1) (West

2012)

KAN. STAT. ANN. ? 16a-2-502(2) (West

2012)

KY. REV. STAT. ANN. ? 286.8-110(3) (West

2012) KY. REV. STAT. ANN. ?

360.100(2)(q) (West 2012) LA. REV. STAT. ANN. ?? 6:1097(B)(2), & 9:3511(F) (West

2011) LA. REV. STAT. ANN. ?

6:1097(A) (West 2011)

La. Rev. Stat. Ann. ? 9:3527(A) (West

2011) LA. REV. STAT. ANN. ?

9:3527(B) (West 2011)

Page 5

State ME

Loan Type

Consumer Credit Transaction42 or Open-End Credit

Plan43

Loan Amount

< $50,000

MD Mortgage Loan46

Any

Lien Type Second Any

Days Late Maximum (Minimum) Percentage

15

5%44

15

5%

MD

Secondary Mortgage Loan47

Any

Secondary

10

5%

MD

Revolving Credit Plan48

Any

Credit Grantor49

MD

Closed End

Any

Credit50

1-to-4 Family

MA Dwelling House

Any

Mortgage51

MI

Extension of Credit53 Made by

a Regulated

Any

Lender54

Any

Any

Any

Any

Any

Any

15;

Any

10 (if pmts

3%52

biweekly)

Any

Any

5%

MN

Conventional Loan55

$100,000

Any

10

5%

Minimum Charge

None $2 $2

None None None

$15

$7.8056

Maximum Charge

$1045 None None None None None

None

None

MN

Loan57

Any

Any

10

5%

$7. 8058

None

Legal Reference

ME. REV. STAT. ANN. tit. 9-A, ?? 1-301(11)(14), & 2-502(1)(A) (2011) MD. CODE ANN., COM. LAW, ? 12-105(c)(3) (West 2012) MD. CODE ANN., COM. LAW, ? 12-405(c)(1)(2) (West 2012)

MD. CODE ANN., COM. LAW, ? 12-910

(West 2012) MD CODE ANN., COM.

LAW, ? 12-1008 (West 2012)

MASS. GEN. LAWS ANN. ch. 183, ? 59

(West 2012)

MICH. COMP. LAWS ANN. ? 445.1856(1)(b)-(c)

(West 2012)

MINN. STAT. ANN. ?? 47.20(6b), &

47.59(6)(a)(4) (West 2012)

MINN. STAT. ANN. ? 47.59(6)(a)(4) (West 2012)

Property of DocuTech Corporation

Page 6

State Loan Type

Loan Amount

Lien Type

Days Late Maximum (Minimum) Percentage

Minimum Charge

MS

Loan

Any

Any

15

4%

$5.00

Loan with a stated

MS

maturity of 5

$100,000

Any

15

4%

$5.00

years or less

MO

Residential Real Estate Loan59

Any

Any

15

Any

None

MO

Second Mortgage Loan60

Any

Secondary

15

5%

$15.00

MT

Residential Mortgage Loan

Any

NE

Residential Mortgage Loan

Any

NE

Installment Loan61

Any

Loan Secured by

NV

lien on real

Any

property62

Precomputed

NH Consumer Credit

Any

Transaction63

Any

Any

None

Any

As set forth in the loan documents.

Reasonable & Necessary

Any

10

5%

None None None

Any

Any

Any

None

Any

Any

Any

None

Maximum Charge

None $50.00 None $50.00 None None None None None

Legal Reference

MISS. CODE ANN. ? 75-17-27 (West

2011) MISS. CODE ANN. ? 75-17-27 (West

2011)

MO. ANN. STAT. ?? 408.015(7), &

408.052(1) (West 2012)

MO. ANN. STAT. ? 408.233(4) (West

2012)

MONT. CODE ANN. ?? 32-5-102(2)(b)(iii), & 32-9-103(31) (West

2011)

NEB. REV. STAT. ANN. ? 45-740(1)(m) (West 2012)

NEB. REV. STAT. ANN. ? 45-1024(2)(d) (West 2012)

NEV. REV. STAT. ANN. ?? 99.050, & 645B.240, & 645E.470 (West

2011) N.H. REV. STAT. ANN. ?

358-K:2(IV) (West 2012)

Property of DocuTech Corporation

Page 7

State Loan Type

Loan Amount

NJ

Secondary Mortgage Loan64

Any

Lien Type

Days Late Maximum (Minimum) Percentage

Secondary

Any

5%

NJ

Home Loan65

Any

Any

15

5%

FNMA

NM

Home Loan66

Conforming

Any

15

5%

Loan Limit

NM Mortgage Loan67

Any

Any

Any

Any

Minimum Charge

None

None

None None

NY

Mortgage on Real Property68

Any

Any

15

2%

None

NC Home Loans70 ................
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