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Frazer tries to provide programming to tailor the functioning of the system to the laws of the state that you are operating in. These may include specific tax rates for various municipalities, state specific forms or interest and late fees limits. Because of this, the functioning of the system may be different from one state to the next.

 

ALTS

 

Alabama IADA

 

Alabama Department of Revenue

 

Default Fees

 

Frazer Provides a System Option to set your Default Government Fees. Check with your local agency to verify the correct amount for your area.

 

 

State specific Frazer programming

 

Max Add-On Rate:

 

Frazer has Max Add-On Rates programmed directly into the software for sales that meet the following criteria:

If the balance is $2000 or under, the maximum Add-On Rate is:

15% on the part of the amount financed that is under $750.

10% on the part of the amount financed that is greater than $750, up to $2000.

 

Sales over $2000 are not subject to the maximum Add-on Rate.