Late payment charges

CFF1 · Nov 1st, 2007, 06:41 AM

Hi,

in the UK there's a "Late Payment of Commercial Debts (Interest) Act 1998". Can anyone tell me what is the US equivalent that would apply to a small services business?

Thanks!

Nov 3rd, 2007, 11:43 AM

It is usually contractual in part but each state has its own rules in the US, as to max interest, statutory intererest and the like.

CFF1 · Nov 6th, 2007, 06:17 AM

Quote:

Originally Posted by Unregistered

It is usually contractual in part but each state has its own rules in the US, as to max interest, statutory intererest and the like.

Thanks for this - would you be able to tell me which would apply to Massachusetts or direct me in the right direction to find out?

Thanks

Nov 1st, 2007, 06:41 AM	#1
CFF1 Junior Member Last Online: Nov 6th, 2007 06:18 AM Join Date: Nov 2007 Posts: 2	Late payment charges Hi, in the UK there's a "Late Payment of Commercial Debts (Interest) Act 1998". Can anyone tell me what is the US equivalent that would apply to a small services business? Thanks!

Nov 3rd, 2007, 11:43 AM	#2
Unregistered Posts: n/a	Re: Late payment charges It is usually contractual in part but each state has its own rules in the US, as to max interest, statutory intererest and the like.

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