Freddie Mac Seller/Servicer Guide 4701.4: Late charges
The Uniform Single Family Note provides blanks for inserting the amounts of late charges and the grace period after which such charges are assessable.
Freddie Mac publishes the full text of this section: Freddie Mac Seller/Servicer Guide 4701.4 on the Freddie Mac website. Zeitro Strata answers questions about it with the passage and page cited.
Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.