Assessing your interest: part one

Winning the case and securing judgment are (rightly) on the minds of lawyers seeking to enforce money payment instruments. But matters of interest — what is allowed in a loan agreement (or otherwise), penalty interest, and how pre- and post-judgment interest is calculated — can have a big impact on the amount recovered. Litigants can end up inadvertently leaving a lot of money on the table and, especially in a low interest rate environment, policy choices can have important effects.

In two articles, we’ll explore some of the questions that arise when it comes to interest in New York City. Part one examines usury in New York and how it affects the drafting and enforceability of interest clauses in loan agreements. Part two will examine how interest is calculated from breach to judgment through collection, and how specific drafting choices in the loan agreement and strategic litigation choices can impact collection. Second part will also offer practical and strategic drafting advice.

Usury and penalty interest



This content has been archived. It is available from our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Why am I seeing this?

LexisNexis® and Bloomberg Law are third-party online distributors of the extensive collection of current and archived versions of ALM’s legal news publications. LexisNexis® and Bloomberg Law clients may access and use ALM content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal and Corporate Counsel, as well as other sources. legal information.

For any questions, call 1-877-256-2472 or contact us at [email protected]

Source link

About Paul Cox

Paul Cox

Check Also

Taylor Swift maintains “Folklore” at No.1 in UK for third week as Dua Lipa returns to top 10

LOS ANGELES, CALIFORNIA – MARCH 14: Taylor Swift arrives at the 2019 iHeartRadio Music Awards …

Leave a Reply

Your email address will not be published. Required fields are marked *