Due to revisions to the dollar amounts promulgated under various states’ versions of the Uniform Consumer Credit Code (see https://compliance.docutech.com/2018/06/04/matrix-updates-late-fees-and-prepayment-penalties/ for details), we are revising our ConformX late fee standard defaults to reflect these changes (as applicable).
These changes will be pushed to production on the night of June 30, 2018 but are available on Stage for testing right now. We highly recommend that clients test these defaults before they affect live loans and contact us if they experience any issues or wish to make any changes. If you have any questions or concerns about these changes, or wish to coordinate testing with an Account Manager, please contact Client Support at 1.800.497.3584.
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