Sec. 49-6c. Notice of late fee required. Exception.
Sec. 49-6c. Notice of late fee required. Exception. A creditor shall mail to a consumer debtor a written notice of the imposition of any delinquency charge, late fee or
similar assessment as a result of a late payment on a note, mortgage or installment
sales contract unless the creditor issues a periodic statement which may include any
delinquency charge, late fee, or similar assessment. Such notice shall be mailed within
sixty days of the imposition of such charge.
(P.A. 86-268, S. 5.)