District of Columbia Late Fee Calculator
Based on D.C. Code §28-3301 (legal rate of interest)
QuickBillMaker applies late fees automatically based on your configured policy. Set it once and stop chasing payments by hand.
How District of Columbia late fees work
In District of Columbia, late payment fees on commercial invoices are governed by D.C. Code §28-3301 (legal rate of interest). The legal maximum is 2% per month (24% annualized). Legal rate is 6% per year; written contracts may set up to 24% per year. Late fees must be reasonable.
The fee must be stated in a written agreement before the work is performed. Without a written rate, only the statutory default rate applies.
District of Columbia prompt-pay law
D.C. Quick Payment Act (D.C. Code §2-221.01 et seq.) Payment due within 30 days of acceptance; 1% per month interest if late.
Stop calculating late fees by hand
QuickBillMaker applies your District of Columbia late fee rate automatically when invoices go overdue.
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