Delaware Late Fee Calculator

Find the legal maximum late fee in Delaware. Based on Del. Code tit. 6 §2301 (legal rate of interest).

Max per month
1.5%
Annualized cap
18%
Written agreement
Required
Grace period
0 days
Create your first invoice freeSee pricing

Delaware Late Fee Calculator

Based on Del. Code tit. 6 §2301 (legal rate of interest)

Late fee owed$15.00

QuickBillMaker applies late fees automatically based on your configured policy. Set it once and stop chasing payments by hand.

How Delaware late fees work

In Delaware, late payment fees on commercial invoices are governed by Del. Code tit. 6 §2301 (legal rate of interest). The legal maximum is 1.5% per month (18% annualized). Legal rate is 5% above Federal Reserve discount rate. Written contracts may set higher rates.

The fee must be stated in a written agreement before the work is performed. Without a written rate, only the statutory default rate applies.

Delaware prompt-pay law

Delaware Prompt Payment Act (Del. Code tit. 29 §6516 for state; tit. 6 §3506 for construction) Construction subs paid within 30 days of GC receiving payment.

Stop calculating late fees by hand

QuickBillMaker applies your Delaware late fee rate automatically when invoices go overdue.

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