Legal Question in Consumer Law in Iowa
Can a building material supplier charge interest if the invoice does not state anything about charging interest etc.?
Asked on 7/07/10, 6:29 am
1 Answer from Attorneys
Robert Luedeman
solo practitioner
Yes, but the rate is limited to 5 per cent unless you have agreed otherwise. See, Iowa Code ch. 535
Answered on 7/09/10, 9:05 pm
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