Utah Late Fee Calculator
Based on Utah Code §15-1-1 (legal rate of interest)
QuickBillMaker applies late fees automatically based on your configured policy. Set it once and stop chasing payments by hand.
How Utah late fees work
In Utah, late payment fees on commercial invoices are governed by Utah Code §15-1-1 (legal rate of interest). The legal maximum is 1.5% per month (18% annualized). Legal rate 10% per year; written contracts may set higher rates. Commercial loans have no statutory cap.
The fee must be stated in a written agreement before the work is performed. Without a written rate, only the statutory default rate applies.
Utah prompt-pay law
Utah Prompt Payment Act (Utah Code §15-6 for construction; §63A-3-302 for state) Construction subs paid within 30 days of GC receiving payment; 15.5% per year interest if late.
Stop calculating late fees by hand
QuickBillMaker applies your Utah late fee rate automatically when invoices go overdue.
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