Dear [Recipient’s Name], I hope this letter finds you in good health and spirits. I am writing to address a matter regarding a late fee that was inadvertently incurred on [Date]. I apologize for any inconvenience this may have caused, and I would like to remit the late fee immediately. North Dakota Sample Letter for Remittance of Late Fee: 1. North Dakota Sample Letter for Remittance of Rent Late Fee: If the late fee is associated with the rental payment, this letter can be specifically tailored for addressing the late fee on rent payments. It will highlight the acknowledgement of the late fee and a commitment to remit the late fee along with the next rental payment. 2. North Dakota Sample Letter for Remittance of Utility Bill Late Fee: If the late fee pertains to the payment of utility bills, such as electric, water, or gas bills, this letter will emphasize the acknowledgement of the late fee, the intention to pay it promptly, and any instructions required to remit the late fee directly to the utility company. 3. North Dakota Sample Letter for Remittance of Credit Card Late Fee: In cases where a late fee was assessed on a credit card payment, this letter will acknowledge the late fee, express regret for the delay, ensure immediate payment of the late fee, and provide instructions on how to make the payment. 4. North Dakota Sample Letter for Remittance of Loan Late Fee: If the late fee is associated with a loan payment, this letter can be modified to address the specific details of the loan agreement. It will convey awareness of the late fee, regret for the delay, a commitment to remit the late fee promptly, and any specific instructions regarding payment. In each of the above letters, it is important to include relevant details such as the date the late fee was assessed, the amount of the fee, any reference number or account information, and the expected timeline for remittance. Additionally, expressing regret for the late fee and appreciation for the recipient's understanding will also contribute to the effectiveness of the letter. Once again, I apologize for the oversight that resulted in the late fee. I assure you that steps have been taken to prevent such occurrences in the future. Please find enclosed the full amount of [late fee amount], and I kindly request that you consider this matter resolved. Thank you for your understanding and cooperation. Should you require any further assistance or information, please do not hesitate to contact me at [Your Contact Information]. I appreciate your prompt attention to this matter. Sincerely, [Your Name]
North Dakota Sample Letter for Remittance of Late Fee
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Waiver of Late Fee means the waiving of the late fee by the District, at the request of the customer, if there are extenuating circumstances and the customer has not assessed a late fee for delinquent payment in the preceding 6 months. Sample 1Sample 2.
What Is A Reasonable Late Payment Fee? Typically, a low, percentage-based late fee is used when a payment is overdue on an invoice. Late fees usually range from 1% to 2% monthly interest rate, so staying near that range is the most reasonable approach.
Late payment fees The amount charged will typically range from $15 to $35 with the amount based on the size of your balance. For smaller monthly balances under a few hundred dollars, this can be a substantial percentage of your balance.
Dear [Name], Further to my previous correspondence, I am contacting you regarding late payment for invoice [invoice number]. The invoice was due on [due date], and payment is now overdue by [number of days overdue]. Be advised that late payment interest may be applied if we do not receive payment within 30 days.
What Is a Late Fee? The term late fee refers to a charge that lenders and other companies often impose on consumers when they fail to make an on-time payment on a debt, such as a loan or credit card, or any other type of financial agreement, such as an insurance or rental contract.
In most cases, late fees typically range between $25 and $50. Some creditors may provide a grace period before they impose the late fee. For instance, rent may be due for an apartment on the first of every month.
In South Dakota, there is no maximum late fee for overdue invoices. After a balance becomes overdue, businesses may apply late fees without the need for a grace period, however, we recommend allowing seven days as best practice.
Generally speaking, the reporting date is at least 30 days after the payment due date, meaning it's possible to make up late payments before they wind up on credit reports. Some lenders and creditors don't report late payments until they are 60 days past due.
