COLLECTION LAWS – NEW HAMPSHIRE (NH)
(1) Pre-Judgment Interest Rate: In New Hampshire, the pre-judgment interest rate is governed by RSA 524:1-a. The statute provides that the pre-judgment interest rate is calculated at the rate established…
Read MoreCOLLECTION LAWS – NEBRASKA (NE)
(1) Pre-Judgment Interest Rate: Nebraska follows the statutory rate for pre-judgment interest. According to Nebraska Revised Statutes (NRS) Section 45-104.02, the pre-judgment interest rate is the average prime rate of…
Read MoreCOLLECTION LAWS – NORTH DAKOTA (ND)
(1) Pre-Judgment Interest Rate: In North Dakota, the pre-judgment interest rate is governed by North Dakota Century Code Section 47-14-05. This statute establishes that the pre-judgment interest rate is 6%…
Read MoreCOLLECTION LAWS – NORTH CAROLINA (NC)
(1) Pre-Judgment Interest Rate: In North Carolina, the pre-judgment interest rate is governed by Section 24-5 of the North Carolina General Statutes. According to this statute, the pre-judgment interest rate…
Read MoreCOLLECTION LAWS – MONTANA (MT)
(1) Pre-Judgment Interest Rate: Montana does not have a specific statutory provision for pre-judgment interest rates. In the absence of a specific statute, the court has discretion in determining the…
Read MoreCOLLECTION LAWS – MISSISSIPPI (MS)
(1) Pre-Judgment Interest Rate: In Mississippi, the pre-judgment interest rate is determined by Mississippi Code Annotated section 75-17-1. The current statutory rate is 8% per year. (2) Post-Judgment Interest Rate:…
Read MoreCOLLECTION LAWS – MISSOURI (MO)
(1) Pre-Judgment Interest Rate: In Missouri, the pre-judgment interest rate is determined by the court based on the circumstances of the case. There is no specific statutory provision governing the…
Read MoreCOLLECTION LAWS – MINNESOTA (MN)
(1) Pre-Judgment Interest Rate: The pre-judgment interest rate in Minnesota is governed by Minnesota Statutes Section 549.09. Currently, the pre-judgment interest rate is calculated at the rate equal to the…
Read MoreCOLLECTION LAWS – MICHIGAN (MI)
(1) Pre-Judgment Interest Rate: In Michigan, the pre-judgment interest rate is governed by the Michigan Compiled Laws Section 600.6013. This statute allows for an interest rate of 6% per year…
Read MoreCOLLECTION LAWS – MASSACHUSETTS (MA)
(1) Pre-Judgment Interest Rate: According to Massachusetts General Laws Chapter 231, Section 6B, the pre-judgment interest rate is determined by the court and is generally set at the same rate…
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