Nevada Late Fee Calculator

Find the legal maximum late fee in Nevada. Based on Nev. Rev. Stat. §99.040 (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

Nevada Late Fee Calculator

Based on Nev. Rev. Stat. §99.040 (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 Nevada late fees work

In Nevada, late payment fees on commercial invoices are governed by Nev. Rev. Stat. §99.040 (legal rate of interest). The legal maximum is 1.5% per month (18% annualized). Legal rate is prime + 2% (currently ~10.5% per year). Written contracts may set higher rates with no statutory cap on commercial.

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

Nevada prompt-pay law

Nevada Prompt Payment Act (NRS 624.624 et seq.) Subs paid within 10 days of GC receiving payment; prime + 4% interest if late.

Stop calculating late fees by hand

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

Automate late fees free