Post: Defaul fee assessment
Posted by Debbie on 5/25/03
Can I assess a default fee for collections for late
payments as well as the late fee? The 'Real Estate Lien
Note' states this: If this note or any instrument
securing or collateral to it is given to an attorney for
collection or enforcement, or if it is collected or
enforced through probate, banruptcy, or other judicial
proceeding, then Maker shall pay Payee all costs of
collection and enforcement, including reasonable
attorney's fees and court costs in addition to other
amounts due. Reasonable attorney's fees shall be at the
rate of $200.00 per hour.
We do have to pay someone for collections every time a
payment is late. Does that apply? We are an L.L.C in
Texas. Thanks
Posts on this thread, including this one
- Defaul fee assessment, 5/25/03, by Debbie.
- Re: Defaul fee assessment, 5/25/03, by Hardy Parkerson, Atty..
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