LATE FEES - Compliance

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: Except for consumer loans in Oklahoma, all minimum charge amounts listed are optional. For a list of software late charge defaults, please refer to our "Late Fee ConformX Matrix" for details.

Last Updated: July, 2018

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Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Guam Hawaii Idaho

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Table of Contents

Click text to jump to page. To return to Table of Contents, click on the state abbreviation.

Illinois Indiana

Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana

Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota

Ohio Oklahoma

Oregon Pennsylvania Puerto Rico Rhode Island

South Carolina South Dakota

Tennessee Texas Utah

Vermont Virginia Washington West Virginia Wisconsin Wyoming

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State Loan Type

Consumer Credit

AL

Transaction1

Property and Occupancy Type Loan Amount Lien Type

Not Specified

Any

Any

A loan,

forbearance of

AL

money, or credit

Not Specified

>$2000

Any

sale

AK

Small Loan2

Not Specified

$25,000

Any

Installment Loan3

$10,000

AK

(Maturity 7

Not Specified

(excluding

Any

years)

interest)

Consumer Lender

AZ

Loan4

Not Specified

$10,000

Any

Closed-End Loan5

AZ

and revolving

Not Specified

$5,000

Any

accounts6

AR

Industrial Loan7

Not Specified

Any

Any

CA

Real Property Secured Loan

(REL)8

1-to-4 unit residential buildings or a single

dwelling unit in a condo or coop9

Any

Any

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Days Late (Minimum)

10

10

Any 15 7 10 Any 10

Maximum Percentage

Minimum Charge Maximum Charge Legal Reference

5% of scheduled payment in default

$18

$100

Ala. Code ? 5-19-4(a) Alabama "Mini-Code"

Ala. Code ?? 5-19-4(a) & 8-8-5(a)

Cantrell v. Walker

Not unconscionable

Not unconscionable

Not unconscionable

Builders, Inc., 678 So. 2d 169 (Ala. Civ. App. 1996)

10% of the payment due

5% of each delinquent installment 5% of the amount of any installment not paid in full 5% on each delinquent installment 5% on each default of a periodical installment 10% of the principal and interest portion of an installment

due

None None None None None

$5

$25 $15 None $10 None None

Op. Att'y Gen. of Alabama No. 8700293

(Aug. 31, 1987) Alaska Stat. Ann. ?

06.20.260(a)(6) Alaska Small Loans Act

Alaska Stat. Ann. ? 45.45.080(c)(1)

Ariz. Rev. Stat. Ann. ? 6635(A)(1)

Ariz. Stat. Ann. ? 441205(A)(2) & (B)

Ark. Code Ann. ? 23-36112

Cal. Bus. & Prof. Code ? 10242.5(a) through (b) California Real Estate

Law

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State CA CA

Loan Type

Delinquent Balloon Payment

(REL)10

Real Property Secured Loan

(CRMLA)13

Property and Occupancy Type

1-to-4 unit residential buildings or a single

dwelling unit in a condo or coop11

Loan Amount Any

Single-family, owneroccupied dwelling14

Any

Lien Type Any Any

CO

Consumer Credit Transaction15

At least secured by an interest in land16

Insubstantial in relation to value

of collateral17

Any18

CT Any Type of Loan

Not Specified

Any

Any

Revolving Credit

DE

Plan19

Not Specified

Any

Any

DE Closed-End Loan20

Not Specified

Any

Any

DC Any Type of Loan21

Not Specified

Any

Any

Days Late (Minimum)

10 10 10

Any

Any Any

10

Maximum Percentage

Minimum Charge

(LSMI x 10%) x (1 + m)12

6% of the principal and interest portion of the installment

due

5% of the unpaid amount of the installment

$5 $5 None

Reasonable

Any charge upon any single

installment or portion in default 5% of any single

installment or portion in default

5% of the total amount of the principal and interest portion of the delinquent periodic installment

None None None None

Maximum Charge None None None None None None None

Legal Reference

Cal. Bus. & Prof. Code ? 10242.5(c)

California Real Estate Law

Cal. Civ. Code ? 2954.4(a)

Colo. Rev. Stat. Ann. ? 52-203(1)

Uniform Consumer Credit Code

Conn. Gen. Stat. Ann. ? 49-6c

McKeever v. Fiore, 78 Conn. App. 783 (Conn.

App. Ct., 2003)

Del. Code Ann. tit. 5, ? 2222(a); 5 Del. Admin.

Code ? 2203-3.7

Del. Code Ann. tit. 5, ? 2231(2); 5 Del. Admin.

Code ? 2203-4.4

D.C. Code ? 28-3310(b)

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State Loan Type

Property and Occupancy Type Loan Amount Lien Type

Days Late (Minimum)

FL A sum of money22

Land23

$1,000 $25,00024

Any

10

GA

Home Loan26

1-to-4 family unit structure, which is the borrower's principal

dwelling27

FNMA Conforming Loan Limit for a Single-Family Dwelling28

Any

10

Precomputed

GU

consumer loan29

Not specified30

Any

Any

10

Real property or

HI

Consumer Loans32

personal property used as the borrower's

Any34

Any

Any

principal dwelling33

Precomputed

Regulated

ID

Consumer Credit

Transaction35

Not Specified

Any

Secondary36

10

ID

Nonprecomputed,

Regulated Consumer Loan37

Real property used as the residence of the

debtor

Any

Secondary38

15

Maximum Percentage

Any on each payment in default

Minimum Charge None

Maximum Charge Legal Reference

Depends on the payment structure:

$15/$7.50/$525

Fla. Stat. Ann. ? 516.031(3)(a)(9); Fla. Admin. Code r. ? 69V-

160.015 Florida Consumer

Finance Act

5% of the amount of the late payment

None

None

Ga. Code Ann. ? 7-6A3(3)

Georgia Fair Lending Act

5% of the unpaid amount of delinquent

installment31

5% of the delinquent installment

5% of the unpaid amount of the installment

5% of the unpaid amount of the installment

$2.00 None $12.50 $15

$5.00 None None None

14 Guam Code Ann. ? 3203(1); 15 Guam Admin. R. & Regs. ? 2109 Uniform Consumer Credit Code - Loans

Haw. Rev. Stat. ? 412:9304(1)

Code of Financial Institutions

Idaho Code Ann. ? 2842-301(1); Idaho Op. Att'y Gen. No. 87-11 Idaho Credit Code ? Finance Charges and

Related Provisions Idaho Code Ann.? 28-42301(2); Idaho Op. Att'y

Gen. No. 87-11 Idaho Credit Code ? Finance Charges and Related Provisions

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