A Preliminary Injunction Blocking Enforcement Of The New York Fair Consumer Judgment Interest Act Has Been Issued - Trials & Appeals & Compensation
As discussed, the FCJIA amends Section 5004 of New York Civil Practice Law and Rules and reduces the statutory post-judgment interest rate on all judgments arising out of consumer debts from 9.00% to 2.00%.
New York United States Greater Chautauqua Federal Credit Union New York Fair Consumer Judgment Interest Act New York Civil
Source: mondaq.com