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2017 Massachusetts General Laws
PART III COURTS, JUDICIAL OFFICERS AND PROCEEDINGS IN CIVIL CASES
TITLE IV CERTAIN WRITS AND PROCEEDINGS IN SPECIAL CASES
Chapter 255B RETAIL INSTALMENT SALES OF MOTOR VEHICLES
Section 11 Delinquency and collection charge; amount
Universal Citation: MA Gen L ch 255B § 11 (2017)
Section 11. The holder of a retail installment contract may, if the contract so provides, collect a delinquency and collection charge on each installment in default for a period of not less than fifteen days in an amount not in excess of five percent of each installment or five dollars, whichever is less, and assess and collect a charge, not to exceed ten dollars, for any check, draft or order for the payment of money submitted in accordance with said contract which is returned unpaid or not honored by a bank or other depository.
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