Common use of Penalty Fees Clause in Contracts

Penalty Fees. (i) If we do not receive a payment from you in at least the amount of your Minimum Payment Due within one (1) day after the Payment Due Date shown on your monthly statement, you will be charged a Late Payment Fee up to $27 for the first Late Payment and up to $38 for a subsequent Late Payment within the following six (6) months. (ii) Each time a check, instrument or other payment on your Account is returned to us unpaid for any reason or we must return any check or instrument you send us because it is not signed or is otherwise incomplete, we will charge you a Returned Payment Fee of $25.00.

Appears in 4 contracts

Samples: Credit Card Agreement, Credit Cardholder Agreement, Credit Cardholder Agreement

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