§ 31-1110Title 31
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.
Annotations
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 1973 Ed., § 35-1370. 1981 Ed., § 35-1560.
Sourced from the DC Council Open Law Library (public domain).
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