Legislation

The Interest Act prescribes the following guidelines:

• You may require a late fee of no more than DKK 100 per letter
• A maximum of three reminders fees relating to the same claim. An additional collection fee of DKK 100 can be charged regarding the transfer to debt collection
• It is not imposed on the creditor to send reminders. The law merely provides that a maximum of three reminder fees can be charged, if the creditor chooses to do so.
• At least one collection notice needs to be sent before the debt is placed for collection
• There must be a payment deadline of 10 days