interest for services
can a veterinarian charge interest on disputed fees
Answer
Re: interest for services
Hello!
1. Any vendor or provider of a service can assess interest upon a DEBT. By law any and all indebtedness in California carries with it 10%.
2. Any interest rate higher than 10% on a "consumer debt" requires a contract signed by you where the rate was adequately (under a lot of specific laws) disclosed. This means a bargained for loan in other words.
I hope this has been helpful.
Regards,
Mark Geyer
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