Many states have nuanced laws and regulations which dictate what fees and charges a lender may charge a borrower in connection with the loan, including limitations on late charges. What late charge and the number of grace period days which are permitted by a lender may vary based on the lender's characteristics, the collateral property type, and/or the purpose of the loan. As such, customers should review or consult with legal counsel to review the state's late charge limitations and any other applicable limitations in connection with a specific order to be placed with GoDocs.
However, should you decide that you would like a limitation in this respective state we can adjust your settings accordingly.