Kentucky Late Fee Calculator

Find the legal maximum late fee in Kentucky. Based on Ky. Rev. Stat. §360.010 (legal rate of interest).

Max per month
1.5%
Annualized cap
18%
Written agreement
Required
Grace period
0 days
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Kentucky Late Fee Calculator

Based on Ky. Rev. Stat. §360.010 (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 Kentucky late fees work

In Kentucky, late payment fees on commercial invoices are governed by Ky. Rev. Stat. §360.010 (legal rate of interest). The legal maximum is 1.5% per month (18% annualized). Legal rate 8% per year; written contracts may set up to 19% per year on amounts under $15,000.

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

Kentucky prompt-pay law

Kentucky Fairness in Construction Act (KRS §371.400 et seq.) Subs paid within 15 business days of GC receiving payment; 12% per year interest if late.

Stop calculating late fees by hand

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

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