Re: Does Colorado have a limit on Late Fees? - Landlord Forum thread 356753

Re: Does Colorado have a limit on Late Fees? by SONY (Colorado ) on April 6, 2018 @15:12

I paid my rent on time March 3rd with a check, I have lived in here almost a year and never had a problem before. Recently like I mentioned I paid my rend with a check on the 3rd of March. Didn't hear from the landlords office until the 27th of March with a 3 days notification stating that I have not paid my rent, I called the office and lady told me that the check bounce. I check my statement and the balance was there until the 14 of march. on the 15th I have auto debit payments due to that date. On my bank statement the landlord tried to cash the check on the 19th. They are charging me $409.00 dollars due to late fees from the 1st to the 31st. I make a money order on the 27 and paid my rent amount and request a description of the late fees. My questions are 1. Is there a specific time or date to cash the check, 2. If they tried to cash the check on the 19th why they waited until the 27th to let me know 3. They charge me for all the 31 days when I have until day 5 to pay and 5 days after the 27th when I was informed. Today I received another letter telling me that I still owe my rent (I paid on the 3 of April, with money order) and they add $100 more on the 409 dollars that they are requesting for late charges. is $409.oo on or over the 45% interest annually and Is it legal to charge me 100$ for late fees on a balance of previous month late fees of 409.00 thank you

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