Legal Question in Business Law in New Hampshire
Interest rates chargeable by dealers to retailers
What is the maximum rate of interest that a supplier (wholesaler/dealer) may charge a retailer? For example, can a wholesaler charge an interest rate of 2.5% per month on unpaid accounts? this equates to 30% per year. Can a wholesaler do this if they are not a USA firm and the retailer is?
Asked on 12/27/02, 7:27 pm
1 Answer from Attorneys
henry lebensbaum
Law Offices of Henry Lebensbaum (978-749-3606)
Re: Interest rates chargeable by dealers to retailers
Try calling the office of the attorney general
Answered on 12/27/02, 10:35 pm
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