Legal Question in Consumer Law in Texas

What is maximum late fee allowed in Texas on a Promissory Note?


Asked on 9/03/10, 3:03 pm

1 Answer from Attorneys

Robert Stephens Stephens & Stephens

It is determined by your loan documentation and by the Usury laws of your state unless it is a federal institution in which case it will be the federal usury laws.

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Answered on 9/14/10, 4:57 am


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