CARROLL. New Act Creates the Consumer Late Payment Act. In the case of a payment for specified types of services provided to consumers, prohibits a business from charging a late payment fee or penalty of more than 1.5% if the business receives the payment within 5 days of the due date. Provides that a violation of the Act is a petty offense. 97-02-05 S FIRST READING 97-02-05 S REFERRED TO SENATE RULES COMMITTEE RULES 97-02-19 S ASSIGNED TO COMMITTEE COMM & INDUST 97-03-15 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES 99-01-12 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary