answersLogoWhite

0

When do late fees become illegal?

Updated: 4/30/2024
User Avatar

Dwaca

Lvl 1
14y ago

Best Answer

I don't think they ever do. A business can keep adding late fees until the bill is paid.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar
More answers
User Avatar

AnswerBot

1w ago

Late fees typically become illegal when they are deemed excessive or unjust by law. This can vary depending on the jurisdiction and specific regulations in place. It's important to familiarize yourself with local laws to understand when late fees may cross the line into being considered illegal.

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: When do late fees become illegal?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Law

What are the laws regarding late fees on a storage unit?

Laws regarding late fees on storage units vary by state. Typically, storage facility contracts outline the terms and conditions, including late fee policies. It's important to review the contract and understand the specific terms related to late fees before renting a storage unit.


In what state was slavery illegal in the late 1700s'?

By the late 1700s, slavery was illegal in all Northern states, including states like Pennsylvania and Massachusetts. This was mainly due to the growth of the abolitionist movement and changing attitudes towards slavery in these regions.


Can you pay a citation late?

Whether you can pay a citation late depends on the policies of the issuing authority. Some may offer a grace period or allow for late payments with additional fees, while others may require payment by a specific deadline. It's best to contact the issuing authority to inquire about their specific rules and options for late payment.


My homeowners insurance is due tomorrow.I forgot to call and pay it today.They will not be open again till Monday.I can't pay online.Can they cancel me or charge any crazy fees for being 2 days late?

It's recommended to reach out to your insurance provider as soon as possible to explain the situation. Most insurance companies are understanding of minor delays and may work with you to ensure your policy stays active. However, there is a possibility of being charged late fees or facing policy cancellation if no action is taken.


What is the maximum rate of interest allowed by law in Ohio on condominium assessments that are paid late?

The maximum rate of interest allowed by law in Ohio on condominium assessments that are paid late is typically around 18% per annum. However, it is advised to consult the Ohio Revised Code or seek legal advice to confirm the current maximum rate.

Related questions

When did B-B guns become illegal in the state of Kentucky?

late 1800s


How do you help an illegal alien become legal?

You can help an illegal alien become legal by helping them fill out the appropriate applications for residency and paying the needed fees. This will put them on the right track to becoming a legal resident or citizen.


Are there any late fees on gamefly and how much per day?

no on the commercial it says no late-fees


In California if a landlord charges a six percent late fee for not paying the rent on the first can they also charge a fee for a 3-day pay or quit notice?

no. late fees are actually illegal. more to come.


Is it illegal to fedex a package to yourself?

no it is not illegal. it has become a common practice to fedex luggage after airlines imposed fees for checked bags. fedex also ships luggage for several cruise lines.


Can late fees be charged by eye surgeons?

If their billing agreements call for it, late payment fees can be charged by anyone.


you keep returning my payments..then charging me late fees?

If the payment is received after the due date, late fees can be charged.


What actors and actresses appeared in Late Fees - 2009?

The cast of Late Fees - 2009 includes: Saffron Cassaday as Girl


Can creditors charge late fees on a deceased person's estate when there is no spouse For example late condo association fees late mortgage payments etc.?

Yes.


Can you still be charged late fees and over-limit fees on accounts you close?

Yes, if you are over limit and you may be charged late fees unless you pay down to your limit.


What is the law on late charges and other fees charged by public housing?

Most Section 8 housing is exempt from late fees.


How can you prevent your payments on condo association dues being applied to late fees instead of dues?

Review your governing documents to determine when late fees are charged. When you pay your assessments on time, there is no late fee; when you pay your assessments late, you pay a late fee. Late fees incurred for paying your assessments late are debts that you owe. You may be able to negotiate with your board to reduce the amount of late fees you incurred, if you have special situations. However, the decision of the board is final.