X’s attorney is saying under 44-1201 statutory , I have to pay interest or he is going to file for enforcement of decree.
Do you know any good attorney who can handle this monster ?
44-1201. Rate of interest for loan or indebtedness; interest on judgments
A. Interest on any loan, indebtedness, judgment or other obligation shall be at the rate of ten per cent per annum, unless a different rate is contracted for in writing, in which event any rate of interest may be agreed to.
B. Interest on a judgment on a condemnation proceeding, including interest which is payable pursuant to section 12-1123, subsection B, shall be payable as follows:
1. If instituted by a city or town, at the rate prescribed by section 9-409.
2. If instituted by a county, at the rate prescribed by section 11-269.04.
3. If instituted by the department of transportation, at the rate prescribed by section 28-7101.
4. If instituted by a county flood control district, a power district or an agricultural improvement district, at the rate prescribed by section 48-3628.
C. A judgment given on an agreement bearing a higher rate not in excess of the maximum permitted by law shall bear the rate of interest provided in the agreement, and it shall be specified in the judgment.
Edited by NeeHelp (05/03/06 02:47 AM)