Steven Casselberry

Steven Casselberry

Procopio, Cory, Hargreaves & Savitch LLP

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California Appellate Court Invalidates the Ability to Obtain Default Interest on Loans That Have Not Matured

When a late fee is assessed upon the entire principal balance of the loan, is it invalid when the loan is not fully matured? This question, so important to lenders, has been addressed in California after the conclusion of...more

2/1/2023  /  Appellate Courts , Attorney's Fees , California , Late Fees , Lenders , Liquidated Damages , Loans , Principal Balance , Punitive Damages
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