North Carolina Calculadora de Cargos por Mora
Calculate late fees for North Carolina invoices using state-specific rules, maximum rates, and grace periods.
NC Quick Facts
Applicable Statutes
- N.C.G.S. § 24-1 (legal rate 8%)
- N.C.G.S. § 24-10.1 (late fees on credit)
- N.C.G.S. § 24-1.1 (rate exemptions)
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North Carolina Late Fee Rules
Late fees capped at 4% of the past-due amount.
15-day grace period is a statutory requirement.
Legal rate is 8%; contractual freedom for principal over $25K.
Written contracts with higher rates are enforceable above the $25K threshold.
Important Note
North Carolina has one of the more structured frameworks: 4% late fee cap and mandatory 15-day grace period. Ensure contracts specify interest rates for amounts over $25K.
This information is for general educational purposes only and does not constitute legal advice. North Carolina laws may change. Consult a licensed attorney in your state for advice specific to your situation.
North Carolina Late Fee FAQs
What is the maximum late fee allowed in North Carolina?
In North Carolina (NC), the maximum late fee is: 4% of past-due payment amount. The maximum interest rate is 8% per year (default); any rate for written contracts over $25K. Always include late fee terms in your contracts before invoicing.
Is there a grace period for late fees in North Carolina?
North Carolina grace period: 15 days past due required before charging late fees. Check your specific contract terms and applicable NC statutes for details.
What is the most common late fee rate used in North Carolina?
The most common late fee rate for commercial invoices in North Carolina is 4% of payment. North Carolina has one of the more structured frameworks: 4% late fee cap and mandatory 15-day grace period. Ensure contracts specify interest rates for amounts over $25K.
Which North Carolina statutes govern late fees on invoices?
The key North Carolina statutes governing late fees and interest on invoices are:
- N.C.G.S. § 24-1 (legal rate 8%)
- N.C.G.S. § 24-10.1 (late fees on credit)
- N.C.G.S. § 24-1.1 (rate exemptions)
Consult a NC attorney for advice specific to your situation.
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