COLLECTION LAWS – SOUTH CAROLINA (SC)
(1) Pre-Judgment Interest Rate: In South Carolina, the pre-judgment interest rate is determined by the court. The court has discretion to determine the rate of interest on a case-by-case basis,…
Read MoreCOLLECTION LAWS – RHODE ISLAND (RI)
1. Pre-Judgment Interest Rate: Rhode Island follows the provisions of Title 9, Chapter 21, Section 45 of the Rhode Island General Laws, which sets the pre-judgment interest rate at 12%…
Read MoreCOLLECTION LAWS – PENNSYLVANIA (PA)
(1) Pre-Judgment Interest Rate: In Pennsylvania, the pre-judgment interest rate is governed by 41 Pa.C.S. § 202. The statute provides that the pre-judgment interest rate is calculated at the rate…
Read MoreCOLLECTION LAWS – OREGON (OR)
(1) Pre-Judgment Interest Rate: In Oregon, the pre-judgment interest rate is determined by statute. According to Oregon Revised Statutes (ORS) §82.010, the pre-judgment interest rate is set at nine percent…
Read MoreCOLLECTION LAWS – OKLAHOMA (OK)
(1) Pre-Judgment Interest Rate: The pre-judgment interest rate in Oklahoma is set at 6% per annum. This rate is applicable to the period from the date the cause of action…
Read MoreCOLLECTION LAWS – OHIO (OH)
(1) Pre-Judgment Interest Rate: Ohio Revised Code Section 1343.03 establishes the pre-judgment interest rate in Ohio. As of the current information available, the pre-judgment interest rate is set at the…
Read MoreCOLLECTION LAWS – NEW YORK (NY)
(1) Pre-Judgment Interest Rate: In the state of New York, the pre-judgment interest rate is governed by New York Civil Practice Law and Rules (CPLR) Section 5004. The current pre-judgment…
Read MoreCOLLECTION LAWS – NEVADA (NV)
(1) Pre-Judgment Interest Rate: In Nevada, the pre-judgment interest rate is set at the prime rate plus 2%. This is governed by Nevada Revised Statutes (NRS) Section 17.130. (2) Post-Judgment…
Read MoreCOLLECTION LAWS – NEW MEXICO (NM)
(1) Pre-Judgment Interest Rate: In the state of New Mexico, the pre-judgment interest rate is determined by the court. The court has the discretion to award interest at a rate…
Read MoreCOLLECTION LAWS – NEW JERSEY (NJ)
(1) Pre-Judgment Interest Rate: The pre-judgment interest rate in New Jersey is determined by the court and is subject to the provisions of the New Jersey Court Rule 4:42-11. This…
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