Civil Law Act (Cap. 43): Primary legislation governing contract law in Singapore, which provides the fundamental framework for contractual relationships and enforcement of contractual terms including late payment provisions
Common Law Principles on Penalties: Legal principles distinguishing between legitimate liquidated damages and unenforceable penalties, ensuring late fees are reasonable and proportionate to the actual loss
Late Payment Interest Guidelines: Guidelines governing the calculation and application of interest on late payments in Singapore
Late Payment of Commercial Debts (Interest) Act: Legislation specifically dealing with late payment in commercial transactions and the application of interest
Consumer Protection (Fair Trading) Act: Legislation protecting consumer rights and ensuring fair trading practices, including fair terms in consumer contracts
Consumer Protection (Trade Descriptions and Safety Requirements) Act: Law ensuring accurate descriptions in trade and commerce, relevant for clear communication of payment terms
Banking Act Guidelines on Debt Collection: Guidelines set by MAS regarding acceptable debt collection practices and procedures
Small Claims Tribunals Act: Legislation governing claims up to SGD 20,000 (or SGD 30,000 by agreement), providing an accessible dispute resolution mechanism
Personal Data Protection Act 2012: Law governing the collection, use, and disclosure of personal data in Singapore, relevant when handling customer information in late fee notices
Electronic Transactions Act: Legislation governing electronic communications and transactions, applicable when sending late fee notices electronically
