Permitted fees and charges

(1) The maximum amount of fees and charges a licensee is permitted to impose on a loan, in any thirty day period, is sixteen per cent of the loan principal minus the amount of any late interest charged under regulation 11 as follows: maximum fees and charges = (16% x loan principal) - late interest charged. (2) The fees and charges referred to in subregulation (1) may be imposed in addition to the interest prescribed in regulation 10.