Legal Question in Consumer Law in California
Max. fees for late pay on auto loan
I want to know what a used car dealer can charge on a three year monthly installment for late payment less than 15 days or more than 15 days of $489.90. Also is it legal to charge 1000.00 for loan fee.
Asked on 1/04/02, 6:56 pm
1 Answer from Attorneys
Ken Koenen
Koenen & Tokunaga, P.C.
Re: Max. fees for late pay on auto loan
That all sounds like an unreasonable rate.
Fax your contract to me, and let me review it.
925-397-3044 (Fax)
Answered on 1/05/02, 12:54 pm
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