Payment Plan Math in Massachusetts
2 min read
Published July 14, 2026 • By DocketMath Team
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Quoted from the source law itself. Not legal advice; confirm how it applies to your matter.
Current verified answer
Massachusetts payment-plan-math: interest rate is 20; max contract rate is 20.
Run the planAuthority and key facts
- Interest Rate: 20
- Max Contract Rate: 20
- Max Loan Fee Percent: 5
This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.
Payment Plan Math in Massachusetts
Massachusetts law sets a maximum of 20% as the allowable fee for a payment plan in connection with bad check cases. Under Mass. Gen. Laws ch. 271, § 49, a person who issues a bad check may agree to pay a collection fee, but that fee cannot exceed 20% of the check’s face value. The statute establishes this ceiling and also provides specific conditions and exceptions for when such a fee is permissible. The precise calculation and any applicable factors are detailed in the official source. The worked example below demonstrates how the 20% limit applies, and the DocketMath calculator can estimate the result for any given check amount.
Governing authority
In Massachusetts, the payment plan math rule is set by Mass. Gen. Laws ch. 271, § 49. The verified packet cites Mass. Gen. Laws ch. 271, § 49 (https://malegislature.gov/Laws/GeneralLaws/PartIV/TitleI/Chapter271/Section49).
Massachusetts payment plan math: the verified value is 20% under Mass. Gen. Laws ch. 271, § 49. The verified packet cites Mass. Gen. Laws ch. 271, § 49 (https://malegislature.gov/Laws/GeneralLaws/PartIV/TitleI/Chapter271/Section49).
Estimate your own result: every situation has exceptions that can change the outcome. Use the payment plan math calculator to estimate your specific figure.
This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.