Legal Question in Civil Litigation in California

interest for services

can a veterinarian charge interest on disputed fees


Asked on 4/05/07, 2:37 pm

1 Answer from Attorneys
MARK GEYER LAW OFFICES OF MARK MITCHELL GEYER

Re: interest for services

Hello!

1. Any vendor or provider of a service can assess interest upon a DEBT. By law any and all indebtedness in California carries with it 10%.

2. Any interest rate higher than 10% on a "consumer debt" requires a contract signed by you where the rate was adequately (under a lot of specific laws) disclosed. This means a bargained for loan in other words.

I hope this has been helpful.

Regards,

Mark Geyer

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Answered on 4/05/07, 6:48 pm


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