Georgia Late Fee Calculator
Work out interest on an overdue B2B invoice under Georgia law. The legal default rate — what applies when the contract is silent — is 7%, and the statute is quoted verbatim below. All math runs locally in your browser.
Legal rate on liquidated demands when no written rate; on commercial accounts a creditor may charge up to 1.5%/month (18%/yr) on amounts 30+ days past due even without a written rate.
Late fee breakdown
- Interest owed
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- Daily rate
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- Total (invoice + interest)
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Still unpaid? Generate a formal demand letter — it computes the interest and cites Georgia's statute (O.C.G.A. §§ 7-4-2, 7-4-16) for you.
What Georgia law actually says
(a)(1)(A) The legal rate of interest shall be 7 percent per annum simple interest where the rate percent is not established by written contract. Notwithstanding the provisions of other laws to the contrary . . . the parties may establish by written contract any rate of interest, expressed in simple interest terms . . . where the principal amount involved is more than $3,000.00 but less than $250,000.00 . . . . (B) Where the principal amount is $250,000.00 or more, . . . the parties may establish by written contract any rate of interest, expressed in simple interest terms or otherwise, and charges to be paid by the borrower or debtor.
Quoted verbatim from the linked official source — not our paraphrase. How we source and re-check every row is documented in the data methodology.
Maximum late fee in Georgia — written B2B contracts
Conditional cap 16% (principal $3,000 or less).
Three bands under § 7-4-2: $3,000 or less — 16% cap, but only 'unless ... made pursuant to another law'; more than $3,000 and under $250,000 — any rate by written contract, stated in simple interest terms; $250,000 or more — any rate by written contract, simple interest or otherwise. Separately, § 7-4-16 lets the owner of a commercial account charge up to 1 1/2 percent per month on the portion that has been due and payable for 30 days or more, with no written rate required.
Basis: O.C.G.A. §§ 7-4-2, 7-4-16. Compare all 51 jurisdictions on the full state table and the cap-regime map.
B2B invoices only — not rent, not consumer debt
Everything on this page is about business-to-business invoices. Residential rent late fees live in Georgia's landlord-tenant law and consumer credit has separate, stricter rules — two different bodies of law. The distinction is explained in B2B invoice late fees vs. residential rent.
Use this data
Georgia's row — rate, cap, citation, verbatim quote, verification date — is part of our open 51-jurisdiction dataset: CSV · JSON (CC BY 4.0, cite myinvoicetemplate.com). Set late-fee terms on your next invoice with the free invoice generator, or state them clearly using the wording guidance in the payment terms guide.
Georgia late fee FAQ
Can I charge late fees on overdue invoices in Georgia?
Yes — on business-to-business invoices. If your contract or invoice states a late-fee rate, that rate governs (subject to the cap rules below). If nothing was agreed: 7%. Legal rate on liquidated demands when no written rate; on commercial accounts a creditor may charge up to 1.5%/month (18%/yr) on amounts 30+ days past due even without a written rate. Statute: O.C.G.A. §§ 7-4-2, 7-4-16, verified 2026-08-21. Consumer and rent debts follow separate laws.
What is the maximum late fee I can charge in Georgia?
For a written B2B contract: $3,000 or less: 16% cap. More than $3,000 and under $250,000: any rate by written contract, stated in simple interest terms. $250,000 or more: any rate by written contract, simple interest or otherwise. Basis: O.C.G.A. §§ 7-4-2, 7-4-16. The full cap analysis is in the section above; this covers business-to-business deals only — consumer credit has stricter separate caps.
What interest applies if my contract doesn't mention late fees in Georgia?
The statutory default rate of 7%. Legal rate on liquidated demands when no written rate; on commercial accounts a creditor may charge up to 1.5%/month (18%/yr) on amounts 30+ days past due even without a written rate. Statute: O.C.G.A. §§ 7-4-2, 7-4-16 (verbatim quote on this page, verified 2026-08-21).
Does this cover rent, apartment, or consumer late fees in Georgia?
No. This page covers business-to-business invoices only. Residential rent late fees are governed by Georgia's landlord-tenant law, and consumer credit for personal, family, or household purposes has its own stricter caps and disclosure rules. Those are different statutes than the commercial-interest law cited here.
Where does this data come from, and when was it verified?
Every figure on this page comes from our 51-jurisdiction dataset: each row researched against the controlling statute or the state's official current-rate page, independently re-checked, and stamped with its own verification date — Georgia's row was last verified 2026-08-21. The operative legal text is quoted verbatim on this page with a link to the official source, the methodology is public, every verification pass is logged in the changelog, and the full dataset is downloadable (CC BY 4.0).
Not legal advice. This page summarizes Georgia's commercial-interest statute for general information, with the verification date shown above — it tells you when we last confirmed the figures, not that they are still current today. Statutes change and courts interpret them; verify the cited statute at the official source, or ask a licensed attorney in your state, before charging or demanding interest.