815 ILCS 137/80.5: Coordination with subsequent late fees.
Where this section sits in the code
- CHAPTER 815 BUSINESS TRANSACTIONS
- High Risk Home Loan Act.
If a payment is otherwise a full payment for the applicable period, is paid on its due date or within an applicable grace period, and the only delinquency or insufficiency of payment is attributable to any late fee or delinquency charge assessed on any earlier payment, no late fee or delinquency charge may be imposed on the payment.
Collected 2026-09-15T04:46:47Z. Source file · JSON