7 CFR § 3555.253 - Late payment charges.

---
identifier: "/us/cfr/t7/s3555.253"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 3555.253 - Late payment charges."
title_number: 7
title_name: "Agriculture"
section_number: "3555.253"
section_name: "Late payment charges."
chapter_name: "RURAL HOUSING SERVICE, DEPARTMENT OF AGRICULTURE"
part_number: "3555"
part_name: "GUARANTEED RURAL HOUSING PROGRAM"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "5 U.S.C. 301; 42 U.S.C. 1471"
regulatory_source: "78 FR 73941, December 9, 2013, unless otherwise noted."
cfr_part: "3555"
---


# 3555.253 Late payment charges.

Late payment charges will not be covered by the guarantee and cannot be added to the principal and interest due under any guaranteed note.

(a) *Maximum amount.* Any late payment charge must be reasonable and customary for the area.

(b) *Loans with interest assistance.* The lender must not charge a late fee if the only unpaid portion of the borrower's scheduled payment is interest assistance owed by Rural Development.