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Tuesday
Oct022012

SIW WINS SUMMARY JUDGMENT, INCLUDING 45% INTEREST PER YEAR

Dan Wake obtained summary judgment for nearly $500,000 for his client, the holder of a promissory note, in a case that would have been fairly routine but for one point.  The note provided for post-default interest at "the legal maximum interest rate."  The Denver District Court held, and many people may be surprised to learn, that the statutory legal, maximum interest rate in non-consumer transactions in Colorado is a hefty 45%.  That's good money if you can get it.

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Sander Ingebretsen & Wake, P.C.

1660 17th Street, Suite 450

Denver, Colorado 80202

303.285.5300

[email protected]

 

 

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