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