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Bill to cap rental late fees at 8% of rent draws mixed testimony
Summary
Senate Bill 2236 would cap rental late fees at 8% of the monthly rent, sponsor Ryan Brownberger told the Senate Industry and Business Committee; supporters said the cap would prevent fee “snowballing” while landlords warned it would constrain normal accounting and business practices.
Senator Ryan Brownberger told the committee Senate Bill 2236 proposes an 8% cap on late fees for rent for a single monthly period — the sponsor described the proposal as a compromise that would permit landlords to collect reasonable late-payment charges while preventing compounded or excessive fees.
"This basically will address issues regarding compounded fees," Brownberger said. "We thought 8% was a good compromise in between the two." He said the cap applies per monthly period and that landlords…
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