Late charges
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Statutes
No delinquent or late charge shall be contracted for or received which does not meet all of the following requirements: the delinquency shall have continued for at least 10 calendar days; a delinquent or late charge shall not have already been charged for the same delinquent or late periodic installment; and the delinquent or late charge shall not exceed 5% of the total amount of the delinquent or late periodic installment of principal and interest. (DC ST § 28-3310)
Cases
Comments
None.
Contributors
Steven N. Leitess
Leitess Friedberg PC
The statutory information was edited and reviewed with the support of MultiState
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