Legal Question in Business Law in Washington
I work for a company that creates complex websites. What is the maximum late fee or interest rate for delinquent payments? 12% per year?
Asked on 6/19/15, 5:49 pm
1 Answer from Attorneys
Charles Cruikshank
Cruikshank Law Office-Since 1975
For most transactions in Washington, it is set by agreement (or contract), but some rates are set by law. The law on usury, as the legal interest rate limit is called, varies in other states.
Answered on 6/20/15, 12:42 pm
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