Delinquent billing fees
Many companies charge their customers a “Delinquent Billing Fee” when accounts become past-due.
This common practice is an excellent way to help recover the cost of debt recovery. However, this technique is subject to many important legal requirements. For example, it is always the biller’s responsibility
- To make this practice clear to customers at the time goods or services are purchased
- To place suitable notices on invoices or in other places as required by law
The applicable legal requirements related to late charges, billing fees, and similar mechanisms vary by state and industry. Be sure to consult an Attorney for specific guidance pertaining to your situation.
MoneyQuest clients may choose to consult with their Retained Attorneys for input on such questions.
