We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close
Focus On
Story image

The three months’ interest penalty: is it payable?

Wednesday, August 29, 2018 @ 9:02 AM | By Richard Worsfold and Reshma Kishnani

Many mortgagees will add a three-month interest penalty to their discharge statements delivered to mortgagors who are in default. Frequently those mortgagees will also deduct the three months’ interest penalty from...