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Fees and charges - 17 Pa. Cons. Stat. § 509

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     § 509.  Fees and charges.
        (a)  Entrance fees.--A credit union may charge an entrance
     fee of an amount, not in excess of $1, as may be provided by the
     bylaws.
        (b)  Fees in connection with loans.--A credit union may
     collect fees paid to public officials, actual fees necessary to
     secure collateral, fees required to be charged by government
     agencies and reasonable attorney fees. Furthermore, in
     connection with real estate loans, a credit union may collect
     charges and fees necessary to sell the loans to any agency or
     instrumentality of the Federal Government or a corporation which
     engages in the business of purchasing mortgage loans.
        (c)  Fees in connection with collectors or outside collection
     agencies.--A credit union may collect fees paid to outside
     collectors or outside collection agencies, provided the
     aggregate of such collection fees does not exceed 20% of the
     outstanding loan balance.
        (d)  Other fees.--A credit union may additionally charge fees
     for other services to its members, provided that the fees
     charged will be for the actual cost of the respective services
     provided by the credit union.
        (e)  Late payment charges.--A credit union may collect late
     payment charges not in excess of 5% of the principal and
     interest due on any installment payment of a loan that is more
     than 15 days delinquent.

Last modified: November 27, 2007