Pennsylvania Late Fee Calculator
Based on 41 P.S. §202 (Pa. Loan Interest and Protection Law)
QuickBillMaker applies late fees automatically based on your configured policy. Set it once and stop chasing payments by hand.
How Pennsylvania late fees work
In Pennsylvania, late payment fees on commercial invoices are governed by 41 P.S. §202 (Pa. Loan Interest and Protection Law). The legal maximum is 0.5% per month (6% annualized). Legal rate 6% per year on residential and amounts ≤ $50,000. Commercial contracts and amounts over $50K may negotiate higher.
The fee must be stated in a written agreement before the work is performed. Without a written rate, only the statutory default rate applies.
Pennsylvania prompt-pay law
Pennsylvania Contractor and Subcontractor Payment Act (73 P.S. §501 et seq.) Subs paid within 14 days of GC receiving payment; 1% per month interest if late.
Stop calculating late fees by hand
QuickBillMaker applies your Pennsylvania late fee rate automatically when invoices go overdue.
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