The Consumer Financial Protection Bureau (CFPB) sets the
maximum amount that card issuers can charge
for these
fees at $ 27
for the first
late payment and $ 38
for each subsequent missed
payment within the next six months.
6.8 (1)
For the purposes of section 107 (1) of the Act, the maximum rate of interest that a strata corporation may set out in its bylaws for the late payment of strata fees is 10 % per annum compounded annual
For the purposes of section 107 (1) of the Act, the
maximum rate of interest that a strata corporation may set out in its bylaws
for the late payment of strata fees is 10 % per annum compounded annual
for the
late payment of strata
fees is 10 % per annum compounded annually.