UNFAIR LATE CHARGES PROHIBITED LATE CHARGE

$100 Due First of Month

$15 Late Charge

15 Day Grace Period

January 20                   -                                            $100 Paid

                                       -                                            $15 Late Charge Assessed

February 5                   -                                            $100 Paid

                                                                                    $  15 Late Charge for January Payment

                                                                                    $  85 Applied to February Payment

                                                                                    $  15 Late Charge Assessed for

                                                                                                February Partial Payment

March 1                       -                                             $100 Paid

                                                                                    $  15 Late Charge for February Payment

                                                                                    $  85 Applied to March Payment

                                                                                    $  15 Late Charge Assessed for March

                                                                                                Partial Payment

Permissible Late Charge

$100 Due First of Month

$15 Late Charge

15 Day Grace Period

January                        -                                           $  15 Late Charge Assessed

February 5                   -                                           $100 Paid

                                                                                   $100 Applied to January Payment

                                                                                   $  15 Late Charge Assessed for No

                                                                                                February Payment

March 1                       -                                            $100 Paid

                                                                                   $100 Applied to January Payment

                                                                                   $  15 Late Charge Assessed for No

                                                                                                March Payment

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Nebraska Bankers Association

233 South 13th Street, Suite 700
Lincoln, NE 68508
​402-474-1555
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