Other Fees Prohibited During Term of a Producing Loan

Other Fees Prohibited During Term of a Producing Loan. No other fees shall be charged by a Licensee as a result of “insufficient funds” (marked “NSF”), or a dishonored/returned check or ACH debit attempt from a financial institution during the term of an active producing loan. Retuned or NSF payment attempts may, however, retroactively result in the account holder incurring a late fee as allowed herein. Only one late fee per monthly payment is allowed, even if the payment is late and it is also subsequently returned NSF.