Legal Question in Banking Law in Minnesota
Minnesota Legal Interest Rate
I am about to collect on a long over due judgement that has been owed me. I have to establish the value, what is the legal interest rate I can charge in the State of MN. Thank you
Asked on 1/25/08, 1:57 pm
1 Answer from Attorneys
David Anderson
Anderson Business Law LLC
Re: Minnesota Legal Interest Rate
Is there a contract?
Is it consumer debt or business?
If no stated rate and judgment has not been entered see Minn.Stat. 334.011.
Answered on 1/25/08, 2:55 pm
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