<html><head><meta http-equiv="Content-Type" content="text/html; charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class="">Good morning<div class=""><br class=""></div><div class="">I hope that someone has an answer. I have a client who is a lender and has made several loans, secured by real property, to house flippers. The loans by their nature a commercial/business loans. On a number of occasions, the borrowers have been late in their payments, seems to be the nature of the business. The promissory notes call for late fees. I am wondering, are late fees prohibited on commercial loans under any of the governor’s emergency proclamations? I believe that they are forbidden in the residential rental arena, but not sure about commercial or even residential loans.</div><div class=""><br class=""></div><div class="">thank you</div><div class="">Rich</div><div class="">
<div style="color: rgb(0, 0, 0); font-family: Helvetica; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: -webkit-auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;" class=""><div style="color: rgb(0, 0, 0); font-family: Helvetica; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: -webkit-auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;" class=""><div style="color: rgb(0, 0, 0); font-variant: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: -webkit-auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;" class=""><div class=""><div style=" font-family: Helvetica; font-weight: normal; font-style: normal;" class=""><b style="font-size: large;" class=""><u class=""><br class="Apple-interchange-newline"><br class=""></u></b></div><div class=""><u class=""><font face="Copperplate Gothic Bold" size="4" class=""><b class="">RICH McENTEE</b></font></u></div><div class=""><font face="Copperplate Gothic Bold" size="4" class=""><b class="">McENTEE LAW OFFICE</b></font></div><div style="font-size: medium;" class=""><div class=""><font face="Copperplate" class="">3800 Bridgeport Way W, Ste A411</font></div><div class=""><font face="Copperplate" class="">University Place, WA 98466</font></div><div class=""><font face="Copperplate" class="">253.227.9894(m)</font></div></div><div style=" font-family: Helvetica; font-weight: normal; font-style: normal;" class=""><span style="font-family: Copperplate;" class=""><a href="mailto:jrmcentee@gmail.com" class="">jrmcentee@gmail.com</a></span> </div><div style=" font-family: Helvetica; font-weight: normal; font-style: normal;" class=""><span style="background-color: rgb(255, 255, 255); font-family: arial, sans-serif; font-size: small; text-align: -webkit-left;" class=""><br class=""></span></div><div style=" font-family: Helvetica; font-weight: normal; font-style: normal;" class=""><span style="background-color: rgb(255, 255, 255); font-family: arial, sans-serif; font-size: small; text-align: -webkit-left;" class=""><br class=""></span></div><div style=" font-family: Helvetica; font-weight: normal; font-style: normal;" class=""><span style="background-color: rgb(255, 255, 255); font-family: arial, sans-serif; font-size: small; text-align: -webkit-left;" class="">IMPORTANT/CONFIDENTIAL: This e-mail message (and any attachments accompanying it) may contain confidential information, including information protected by attorney-client privilege. The information is intended only for the use of the intended recipient(s). Delivery of this message to anyone other than the intended recipient(s) is not intended to waive any privilege or otherwise detract from the confidentiality of the message. If you are not the intended recipient, or if this message has been addressed to you in error, do not read, disclose, reproduce, distribute, disseminate or otherwise use this transmission, rather, please promptly notify the sender by reply e-mail, and then destroy all copies of the message and its attachments, if any.</span></div></div><div style=" font-family: Helvetica; font-weight: normal; font-style: normal;" class=""><br class=""></div></div><br class="Apple-interchange-newline"></div><br class="Apple-interchange-newline" style="color: rgb(0, 0, 0); font-family: Helvetica; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: -webkit-auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px;"><br class="Apple-interchange-newline" style="color: rgb(0, 0, 0); font-family: Helvetica; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: -webkit-auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px;"></div>
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