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11.8.4 Late Charge Provisions

HUD Multifamily Accelerated Processing (MAP) Guide, HUD Handbook 4430.G (2020 ed., rev. Mar. 19, 2021) · 2026 edition · updated 2026-10-05 · United States

A. Lender may collect a late charge for the cost of handling delinquent payments, subject to the following:

MAP Guide, March 2021 Go to beginning of Chapter 11

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Chapter 11 Page 11-14

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Chapter 11 Lender Underwriting, HUD Review and Closing 11.8 Note

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  1. Charges must not exceed two cents per dollar of unpaid principal and interest that is more than 10 days in arrears.

  2. Late charges must be separately charged to and collected from Borrower and cannot be deducted from any total monthly mortgage payment, or collected from any reserve escrow, residual receipts funds, or from any interest accruals thereto.

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▸Contents — HUD Multifamily Accelerated Processing (MAP) Guide, HUD Handbook 4430.G (2020 ed., rev. Mar. 19, 2021)
HUD Multifamily Accelerated Processing (MAP) Guide, HUD Handbook 4430.G (2020 ed., rev. Mar. 19, 2021)

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