Maine Statutes
§ 5 §1555 — Period of time for which late fees are imposed
Maine·Title 5 ADMINISTRATIVE PROCEDURES AND SERVICES·Part 4 FINANCE·Ch. 144 PAYMENT OF INVOICES RECEIVED FROM BUSINESS CONCERNS
The late fee shall apply to the period beginning on the day after the required payment date and ending on the date on which payment of the amount due on the invoice is made. An amount of a late fee which remains unpaid at the end of any 30-day period, after the required payment date, shall be added to the principal amount of the debt and, thereafter, late fees shall accrue on the added amount.
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Maine § 5 §1555 (Period of time for which late fees are imposed) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
PL 1983, c. 655 (NEW).
Nearby Sections
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§ 5 §150
Temporary loans by State§ 5 §15001
Title§ 5 §15002
Definitions§ 5 §15003
Credit of State pledged§ 5 §15005
Powers of loan authority board§ 5 §15006
Expenses of loan authority board§ 5 §15007
Loan Insurance Fund§ 5 §15008
Additions to§ 5 §15009
Insurance of loans§ 5 §1501
Uniform fiscal year§ 5 §15010
Loan insurance premiums§ 5 §15011
Acquisition and disposal of property