New Prime Rate effective September 19, 2024

Posted By General
October 02, 2024 Category: Prime Rate

Effective September 19, 2024, the new Prime Rate is 8%, which means the presumptive rate per Administrative Order 17-02 is now 10%.  For cases that are confirmed on or after September 19, 2024, and reference Administrative Order 17-02 for personal property secured claims, the rate to use is decreased from 10.50% to