COLLECTION LAWS – LOUISIANA (LA)
(1) Pre-Judgment Interest Rate: In Louisiana, the pre-judgment interest rate is governed by Louisiana Revised Statutes Section 13:4202. It specifies that the interest rate on pre-judgment interest is set at…
Read MoreCOLLECTION LAWS – KENTUCKY (KY)
(1) Pre-Judgment Interest Rate: In Kentucky, the pre-judgment interest rate is set at 12% per annum. This rate is applicable to both tort and contract actions, and it accrues from…
Read MoreCOLLECTION LAWS – KANSAS (KS)
(1) Pre-Judgment Interest Rate: According to Kansas statute § 16-204, the pre-judgment interest rate is determined by the court and can vary based on the circumstances of the case. It…
Read MoreCOLLECTION LAWS – INDIANA (IN)
(1) Pre-Judgment Interest Rate: In Indiana, the pre-judgment interest rate is determined by the court in its discretion. The court may award interest at a rate agreed upon by the…
Read MoreCOLLECTION LAWS – ILLINOIS (IL)
(1) Pre-Judgment Interest Rate: In the state of Illinois, the pre-judgment interest rate is determined by the Illinois Interest Act (815 ILCS 205/2), which sets the rate at 5% per…
Read MoreCOLLECTION LAWS – IDAHO (ID)
1. Pre-Judgment Interest Rate: In Idaho, the pre-judgment interest rate is determined by Idaho Code Section 28-22-104. According to this statute, the interest rate on pre-judgment damages is set at…
Read MoreCOLLECTION LAWS – IOWA (IA)
(1) Pre-Judgment Interest Rate: In the state of Iowa, the pre-judgment interest rate is governed by Iowa Code section 535.2. According to this statute, the pre-judgment interest rate is determined…
Read MoreCOLLECTION LAWS – HAWAII (HI)
(1) Pre-Judgment Interest Rate: The pre-judgment interest rate in Hawaii is determined by Hawaii Revised Statutes (HRS) Section 478-2.5. The pre-judgment interest rate is set at the rate of 10%…
Read MoreCOLLECTION LAWS – GEORGIA (GA)
(1) Pre-Judgment Interest Rate: In the state of Georgia, the pre-judgment interest rate is determined by O.C.G.A. § 7-4-12. According to this statute, the pre-judgment interest rate is 7 percent…
Read MoreCOLLECTION LAWS – FLORIDA (FL)
(1) Pre-Judgment Interest Rate: In the state of Florida, the pre-judgment interest rate is determined by Section 55.03 of the Florida Statutes. This statute establishes that the pre-judgment interest rate…
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