Fee Schedule and Notices
Fee Schedule
Any late fees or nonsufficient funds fees, if charged: See below:- Charges After Default: Costs of Collection: At any time after the occurrence of any default that results in CSO paying Lender under the Letter of Credit, then CSO may recover from Consumer all charges, costs, fees and expenses, including all collection costs and reasonable attorneys’ fees incurred or paid in exercising any right, power or remedy provided by the CSO Contract or by law, and charge interest on all or a portion of the principal paid by CSO to Lender under the Letter of Credit, as provided in Consumer Reimbursement Obligation below. 9.95% per annum, daily simple interest accrual method until paid. Interest will continue to accrue on past due principal amounts until paid in full.
- Late Charge: $7.50 or 5% of the amount of the unpaid scheduled installment, whichever amount is greater, on any payment not paid in full within 10 days of the scheduled payment date.
- Returned Payment Fee: $30 for any check, money order, payment (whether tangible or electronic), transfer or other instrument or item that is rejected or returned for any reason.
- Lien Filling Fee: Either $28 or $33 (depending on the county in which the lien is filed), payable to the Texas Department of Motor Vehicles. Both the Lender’s lien and the CSO’s lien are covered by the same filing fee. The lien filing fee is included as part of the Amount Financed.
- Prepayment: There is no prepayment penalty.
- Costs of Collection: To the extent permitted by law, Consumer will pay the costs of any attorney's fees incurred in connection with the referral of the Loan Agreement to an attorney to collect the Loan after default.
