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Payments over 15 days past due are subject to late fees at a rate of 1.5% per month until the past due payment is satisfied in full. The credit card on file will be charged if payment is not received once 15 days past due.
The undersigned agrees that all purchases made will be due and payable to LOVING, or its affiliated entities within 30 days of the date of product delivery. Credit is ONLY offered to businesses and shall not be used for any personal or private use. If it is discovered that any of the information submitted is false or inaccurate, then the undersigned agrees to be held liable to the fullest extent possible.
The applicant and the undersigned principal owner and officers agree to be personally liable, jointly and severally, for the prompt payment of the amounts due, and in the event expenses are incurred in the collection of the amounts, due to failure to pay when due, the undersigned agrees to pay such expenses including reasonable attorney’s fees, collection costs, and court fees. Invoices over 30 days outstanding are subject to finance charges at a rate of 1.5% per month or 18% per annum.
