This is not legal advice for your situation*

Updated Late Fee Dollar Amounts; Effective July 1, 2008

The DocMagic System will be updated to reflect the July 1, 2008, increased late fee dollar amounts for loans made under the consumer credit codes in Indiana, Minnesota, Oklahoma and South Carolina.  The following changes were made: (i) Indiana late fee dollar amount was $17.00, changed to $17.50; (ii) Minnesota late fee dollar amount was $6.76, changed to $7.28; (iii) Oklahoma late fee dollar amount was $21.00, changed to $22.00; and (iv) South Carolina maximum late fee dollar amount was $15.50, changed to $16.50, and minimum late fee dollar amount was $6.20, changed to $6.60.




*This article is distributed to provide general information about the subject matter covered and should not be utilized as a substitute for professional advice in specific situations. If you require such advice, please consult with your own professional advisers.