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Can I add to an existing loan contract?

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Michael D.R.

Junior Member
What is the name of your state (only U.S. law)? Calif
I loaned money to a person with a contract and her house as collateral but she NEVER pays on time, I always have to go collect the payment.
Can I add an addendum that imposes a late fee?
Thank you
Michael:eek:
 


Antigone*

Senior Member
What is the name of your state (only U.S. law)? Calif
I loaned money to a person with a contract and her house as collateral but she NEVER pays on time, I always have to go collect the payment.
Can I add an addendum that imposes a late fee?
Thank you
Michael:eek:
The other party would have to agree to the amendment.
 

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