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: Cleveland Law Library WeblogStatutory Interest Set at 5% for 2009
By Cleveland Law Library
The Cuyahoga County Clerk of Court has posted the new statutory interest rate on judgments for 2009. In accordance with ORC sec. 5703.47, the rate will only be 5%. Practitioners like me may recall the days when statutory interest was as high as 10%. Perhaps due to the downturn in the economy, interest will be 3% less in 2009 than the 8% rate effective in 2008.
Full post as published by Cleveland Law Library Weblog on December 01, 2008 (boomark / email).
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