System Updates: Late Fee Defaults (2018 UCCC Dollar Amount Adjustments)
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,…