Register free!

The Green Industry's Resource Center



Reply
 
Thread Tools   Display Modes
  #1  
Old 07-31-2009, 01:44 AM
MowinginEureka MowinginEureka is offline
LawnSite Member
 
Join Date: Apr 2008
Location: Eureka, CA
Posts: 238
Late fees in california, help?

I need a piece of paper that says I can legally charge a late fee in the state of california. I have an anal customer that says I cant because Im not a bank. Everyone of my vendors charges me 18% apr, or 1.5 % per month. That is what I have been charging for years.
__________________
92 F350 crew cab long bed with TruckCraft aluminum dump bed
5X10 + 4x7 trailers w/ spring loaded ramps
99 F350 super cab long bed diesel 4x4
Two Honda HRC216 walk-behinds
2-Stihl KM130R' Kombi's w/ string trimmer,hedger pole-saw,+edger
Stihl MS210 chainsaw
HS81T + HS81R hedgetrimmers
BG 86 blower
Earthway fertilizer spreader + Sprayer
and a bunch of other equipment...
Pesticide Q.A.L.#121767
30 Weekly Accounts, Solo Operation
Reply With Quote
  #2  
Old 07-31-2009, 07:16 PM
bohiaa's Avatar
bohiaa bohiaa is offline
LawnSite Fanatic
 
Join Date: Jun 2005
Location: Bellville Texas, near Houston
Posts: 5,018
it's set by the feds. it gets real complicated on how to figure it out....

But 6% is about as high as you can go.

and NO you dont need a paper saying so.

HOWEVER, you do need it in writting as in a contract with the payers signiture.
this will prove that they not only are informed of the late fee, but they agree to it.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump





Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Copyright ©1998 - 2012, LawnSite.comô - Moose River Media
All times are GMT -4. The time now is 03:08 AM.

Page generated in 0.06235 seconds with 9 queries