IL. late fee law? Anyone

[Soupy]

Does anyone know what the legal amount for late fee's in Il are? I asked my accountant and she just said that she knows others are charging 5%. I'm thinking it would be about 1.5% per month.

[richmadmax]

Does anyone know what the legal amount for late fee's in Il are? I asked my accountant and she just said that she knows others are charging 5%. I'm thinking it would be about 1.5% per month.


I think 1.5 is right.