Common use of Late Payment and other Charges Clause in Contracts

Late Payment and other Charges. Any invoice not properly disputed as provided below and not paid in full by the stated date on the invoice shall be subject to a late payment charge of one and one-half percent (1.5%) or twenty-five dollars ($25.00) per credit bureau report, service and/or solution, whichever is greater, per month on the delinquent account balance until paid in full.