Georgia Calculadora de Cargos por Mora
Calculate late fees for Georgia invoices using state-specific rules, maximum rates, and grace periods.
GA Quick Facts
Applicable Statutes
- O.C.G.A. § 7-4-2 (legal rate; maximum rate)
- O.C.G.A. § 7-4-16 (commercial account interest)
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Georgia Late Fee Rules
Legal default rate is 7%/year when no contract specifies a rate.
Commercial account interest capped at 1.5%/month (18%/year) on amounts 30+ days past due.
No statutory cap on late fees (as distinct from interest).
Late fees can be charged immediately; interest requires 30-day wait.
Important Note
Georgia distinguishes between late fees (no cap, immediate) and interest (18%/year cap, 30-day wait). This distinction is important for structuring your terms.
This information is for general educational purposes only and does not constitute legal advice. Georgia laws may change. Consult a licensed attorney in your state for advice specific to your situation.
Georgia Late Fee FAQs
What is the maximum late fee allowed in Georgia?
In Georgia (GA), the maximum late fee is: No statutory cap; can apply immediately after balance is overdue. The maximum interest rate is 1.5% per month (18% annually) on commercial accounts 30+ days past due. Always include late fee terms in your contracts before invoicing.
Is there a grace period for late fees in Georgia?
Georgia grace period: No grace period for late fees; 30-day wait before interest charges. Check your specific contract terms and applicable GA statutes for details.
What is the most common late fee rate used in Georgia?
The most common late fee rate for commercial invoices in Georgia is 1.5% per month. Georgia distinguishes between late fees (no cap, immediate) and interest (18%/year cap, 30-day wait). This distinction is important for structuring your terms.
Which Georgia statutes govern late fees on invoices?
The key Georgia statutes governing late fees and interest on invoices are:
- O.C.G.A. § 7-4-2 (legal rate; maximum rate)
- O.C.G.A. § 7-4-16 (commercial account interest)
Consult a GA attorney for advice specific to your situation.
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