legal






 

Question by  ellie61 (478)

What is the interest rate that is charged for a judgment in Michigan?

 
+7

Answer by  Milette (1105)

It is calculated at 6 months intervals (1 January & 1 July) of each year starting from the date that the complaint is filed and compounded annually. The current rate for 1 January 2010 is 3. 480%.

 
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