Late Charges
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Last Update
Statutes
No. There is no direct prohibition or restriction on late charges. However, a court may consider a late charge as a penalty, and assess its validity according to the same reasonableness standard applied to liquidated damages. See liquidated damages entry.
Cases
Comments
None.
Contributors
Lawrence F. Flick, II
Blank Rome LLP
The statutory information was edited and reviewed with the support of MultiState
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