> For the complete documentation index, see [llms.txt](https://docs.term.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.term.finance/protocol/fees-and-penalties.md).

# Fees and Penalties

Users of the protocol are subject to two types of fees: a loan servicing fee and liquidated damages.