Late Charge Engine
Although late charges are not as complex as prepayment penalties, ensuring you’ve selected compliant late charges is another risk our clients face daily. Once again, DocuTech compliance solutions have the cure for your problems. With late charges we offer our customers a variety of options so they can choose the approach that best meets their needs.
- If you prefer to have late charges that meet industry standards while complying with federal and state law, you can use the DocuTech preconfigured late charge defaults.
- If your own best business practices require other adjustments or modifications, DocuTech provides the flexibility of a configurable rules based late charge engine. Our customizable rules based engine provides you with the tools to manage your late charges any way you see fit.
- Last of all, if you’ve already fashioned your own late charge solution, there’s no need for DocuTech to intervene. Simply send us your late charge information and we’ll place it on the appropriate documents.
Discuss your late charge solution by contacting your Client Services Representative at 800.497.3584.
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