Late Payment Fees

FNMA Inaccurate Mortgage Payoff Statements Reg Z Class Action

What happens if you don’t make your mortgage payments? The mortgage loan becomes accelerated, or due in full. The complaint for this class action alleges that the Federal National Mortgage Association (FNMA) improperly imposes late charges when mortgage payments are not made after acceleration, even when the mortgage agreements don’t allow for that.  Read more

Firmus Management Late Rent Fees Violate Texas Property Code Class Action

Can landlords set penalties for late rent payments at whatever level they think is right? The complaint for this class action says, “Not in Texas,” and compares the charges of Firmus Management and Construction with the provisions for late fees in the Texas Property Code.  Read more