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COLLECTION LAWS – WYOMING (WY)
Apr 21, 2024 | State Collection Laws
(1) Pre-Judgment Interest Rate: Wyoming does not have a specific statutory provision regarding pre-judgment interest rates. Parties may agree to pre-judgment interest in a contract or seek to obtain it...
Read MoreCOLLECTION LAWS – WEST VIRGINIA (WV)
Apr 21, 2024 | State Collection Laws
(1) Pre-Judgment Interest Rate: According to West Virginia Code Section 56-6-31, the pre-judgment interest rate in West Virginia is calculated at the legal rate of interest, which is currently set...
Read MoreCOLLECTION LAWS – WISCONSIN (WI)
Apr 21, 2024 | State Collection Laws
(1) Pre-Judgment Interest Rate: In Wisconsin, the pre-judgment interest rate is determined by the court. According to Wisconsin Statutes section 138.04, the court has the discretion to set a reasonable...
Read MoreCOLLECTION LAWS – WASHINGTON (WA)
Apr 21, 2024 | State Collection Laws
(1) Pre-Judgment Interest Rate: In the state of Washington, the pre-judgment interest rate is governed by RCW 4.56.110. According to this statute, the pre-judgment interest rate is set at the...
Read MoreCOLLECTION LAWS – VERMONT (VT)
Apr 21, 2024 | State Collection Laws
(1) Pre-Judgment Interest Rate: The pre-judgment interest rate in Vermont is determined by Vermont Statutes Annotated (V.S.A.) Title 12, Section 2903. According to this statute, the interest rate on judgments...
Read MoreCOLLECTION LAWS – VIRGINIA (VA)
Apr 21, 2024 | State Collection Laws
(1) Pre-Judgment Interest Rate: In the state of Virginia, the pre-judgment interest rate is governed by Virginia Code Section 6.2-302. This statute establishes that the legal rate of interest on...
Read MoreCOLLECTION LAWS – UTAH (UT)
Apr 21, 2024 | State Collection Laws
(1) Pre-Judgment Interest Rate: In the state of Utah, the pre-judgment interest rate is governed by Utah Code Section 15-1-1. The current statutory rate is determined annually by the Utah...
Read MoreCOLLECTION LAWS – TEXAS (TX)
Apr 21, 2024 | State Collection Laws
(1) Pre-Judgment Interest Rate: In Texas, the pre-judgment interest rate is determined by the market-based formula specified in Section 304.003 of the Texas Finance Code. This formula takes into account...
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