D.C. Code § 31-1110

Current through codified legislation effective October 30, 2024

Section 31-1110 - Delinquency charges

A premium finance agreement may provide for the payment by the insured of a delinquency charge of $1 to a maximum of 5% of the delinquent installment which is in default for a period of 5 days or more.

D.C. Code § 31-1110

Oct. 9, 1940, ch. 792, ch. III, § 60; Apr. 18, 1966, 80 Stat. 126, Pub. L. 89-403, § 1; Nov. 15, 1983, D.C. Law 5-40, § 2(b), 30 DCR 4994.