16 CFR 444.4 - Late charges
| Cite as | 16 CFR 444.4 |
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2 cases
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In re Jordan, Bankruptcy No. 87-04533S.
...prohibiting "pyramiding" of late charges, i.e., imposing late charges attributable solely to prior imposition of late charges, at 16 C.F.R. § 444.4. The Commentary to Rule reveals a broad federal concern with late charge policy which duplicate penalties for late payments in prior months, as......
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Williams v. Lendmark Fin. Servs., Inc., 15-1976
...and the note.Our conclusion with respect to the December 2010 and February 2011 payments is consistent with Williams' argument that 16 C.F.R. § 444.4, a regulation promulgated by the Federal Trade Commission, bars “pyramiding late fees and inflating interest.” Lendmark, however, has filed a......
1 provisions
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Act 234, HB 4818 – Consumer loans
...an earlier installment. It is the intent of thelegislature that, in construing this subsection the courts beguided by interpretations to 16 C.F.R. 444.4 and 12 C.F.R. 227.15,as amended from time to time, relating to late charges, given bythe Federal Trade Commission, Federal Reserve Board, ......