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Late Fees in the State of Georgia
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I am a business owner, and have been attempting to collect a debt for services owed for close to 6 months. What is my legal right to add a late fee for the non-paid invoices?
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In the old days decades ago, you could just do it. Now I think that Georgia has a 7.5% limit and you must be a registered interest rate charger and I think that is annual and it must be disclosed before the purchase is made that that is your policy. This last I know is important. Maybe you can send out a notice now that that is your policy.
But I am not a lawyer and good for me for that. I have been through the process of the legal changes and registered for a while and then decided it w...
But I am not a lawyer and good for me for that. I have been through the process of the legal changes and registered for a while and then decided it w...
Answer Date: 01:30pm 04/07/08
