A due date and the terms of the grace period and late fee are specified in the note. If there is a grace period, the late fee will take effect after midnight on the last day of the grace period. To avoid a late fee, payments must be RECEIVED by our office prior to this time. Mail delays or online payment issues are the responsibility of the Borrower. It is the borrower’s responsibility to ensure the payment is received by Del Toro in a timely fashion.