Virginia  |  Credit and Debt Law

Legal Question

Asked on: 4/17/07, 1:36 pm

legal limit on amount of interest charged

our town charges 120% apr late fee/ interest on late water/sewer bills; is there a legal limit?

An example bill of $60 paid one day late they will charge a late fee of $6.00 (they say they're charging 10% but according to my calculations is should be $.50 instead)

Didn't find what you were looking for? Ask an Attorney!

Get answers from the top Attorneys
Ask Question

115 Answers given in the last few hours.

8662 Active attorneys ready to answer your question

Search Past Answers:
  Advanced Search