Legal Question in Family Law in California
Interest on balance owed attorney
I owe my attorney a balance of approx 3500. I have been making monthly payments of 100. She now says if it is not paid in 90 days she will charge 10% interest on the balance. Can she do that? There is nothing about interest in my retainer agreement.
Asked on 8/05/07, 2:01 am
1 Answer from Attorneys
Lyle Johnson
Bedi and Johnson Attorneys at Law
Re: Interest on balance owed attorney
The maximum rate that you attorney can charge is 8% unless there is a written agreement providing for the maximum of 10%.
Answered on 8/13/07, 11:10 pm