20 Va. Admin. Code § 5-414-50
Current through Register Vol. 40, No. 22, June 17, 2024
Section 20VAC5-414-50 - Late payment chargeA. A LEC's late payment charge shall be governed by this section notwithstanding 20VAC5-10-10.B. A LEC may assess a late payment charge for any charges not timely paid by the customer.C. Calculation of the late payment charge shall be as follows:1. A LEC may assess a late payment charge of one and one-half percent per month.2. Appropriate calculation of the late payment charge shall be made at the time of each successive, usual billing date.3. The amount of any late payment charge shall be included as a separately identified line item upon the current bill.D. Before implementing a late payment charge program, the LEC must show on a customer's bill, in addition to other necessary and required information, the date on which the bill is delivered to the United States mail, or delivered to the customer's premises, together with showing the date by which payment must be received by the LEC to avoid late payment charges.E. In no case shall payment for current service be considered overdue if received by the LEC within 20 days from the mailing date or delivered date of the bill.F. The late payment charge shall not be applied to any amount billed as taxes that the LEC is required to collect on behalf of a local government.20 Va. Admin. Code § 5-414-50
Derived from Virginia Register Volume 25, Issue 7, eff. December 1, 2008.Statutory Authority
§ 12.1-13 of the Code of Virginia.