Hawaii Late Fee Calculator
Based on Haw. Rev. Stat. §478-2 (legal rate of interest)
QuickBillMaker applies late fees automatically based on your configured policy. Set it once and stop chasing payments by hand.
How Hawaii late fees work
In Hawaii, late payment fees on commercial invoices are governed by Haw. Rev. Stat. §478-2 (legal rate of interest). The legal maximum is 1% per month (12% annualized). Legal rate 10% per year; consumer loans capped at 12% per year; commercial may go higher when in writing.
The fee must be stated in a written agreement before the work is performed. Without a written rate, only the statutory default rate applies.
Hawaii prompt-pay law
Hawaii Prompt Payment Act (Haw. Rev. Stat. §103-10) Payment due within 30 days of invoice receipt; interest accrues at the legal rate if late.
Stop calculating late fees by hand
QuickBillMaker applies your Hawaii late fee rate automatically when invoices go overdue.
Automate late fees free