1. Line Servicing User Guide
  2. Appendix : Transaction Parameters
  3. Monetary Transactions
  4. Late Charges

A.1.2 Late Charges

Late charges occur when payment is not made within the grace period or by the day after payment is due. The due date is determined by the contract.

Late charges appear in LC Due field on the Dues section of Summary tab of the Customer Service screen. This is the first screen to appear on the Customer Service screen when you load an account.

Figure A-2 Late Charges


Description of Figure A-2 follows
Description of "Figure A-2 Late Charges"

Table A-4 To adjust a late charge

Transaction Parameters
Adjustment To Late Charge - Add Txn Date Amount
Adjustment To Late Charge - Subtract Txn Date Amount

Table A-5 To waive a late charge

Transaction Parameters
Waive Late Charge Txn Date Amount

Parent topic: Monetary Transactions