Cap. 13 Art. 26ECompensation for recovery costs.

In addition to the claim for late payment under this Sub-Title, a creditor is entitled to recover from the debtor, without the need of a reminder:

(a) a minimum of forty euro (€40) as compensation for the creditor’s own recovery costs; and

(b) such other reasonable sum in excess of the forty euro

(€40) incurred by him due to the debtor’s late payment.