Legal Question in Consumer Law in Iowa
What rate of interest can a building material supplier charge on unpaid balances?
Asked on 6/23/10, 2:17 pm
1 Answer from Attorneys
Robert Luedeman
solo practitioner
Whatever you agreed to at the time you took title to the material. Look on their invoice-it is usually 2-1/2 per cent per month.
Answered on 6/23/10, 8:18 pm
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