Where are late charge fees and default rate language documented?

Late Charge & Default Rate

1. Late Charge language is in section G of the GoDocs Promissory Note. You will find your current setting on the Loan Tab as a grayed out field as it is a locked setting. If you need to change it, please reach out to our customer support. If you want it opened to be user-selectable for each loan, we may be able to do that as well.
2. Default Rate – The default rate resides in the definition section of the GoDocs Promissory Note with further explanation in Section H of the of Note. Please note the Maximum Interest Rate is defined as: The rate of interest that results in the maximum amount of interest allowed by applicable law.
   
   

Note: When the loan documents include both a late charge and a default rate, those fees are separate and can be incurred by the borrower as such.