Late Payment Fee definition
Examples of Late Payment Fee in a sentence
If your Total Minimum Payment Due is not paid in full on or before the Payment Due Date, you may be charged a Late Payment Fee in the amount as described in the Fees section of the enclosed Fee Schedule.
The Late Payment Fee will not exceed the amount of the required minimum payment that was due.
If a partial payment is made, but the remaining unpaid portion of the Total Minimum Payment Due is not received by the Payment Due Date, a Late Payment Fee may still apply.
However, your Late Payment Fee will not exceed the amount of the Minimum Payment that was not timely submitted.
If a payment of at least the amount of the Minimum Payment disclosed on a periodic statement is not received by the disclosed due date for such payment, you agree to pay a fee equal to $30 if you were not charged a Late Payment Fee during any of your previous six billing cycles, or $41 otherwise.