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28 U.S.C. § 2718 — Interest on balances due department
submitted 66 years ago by Pub. L. 86-682 to r/title-28-JUDICIARY-AND-JUDICIAL-PROCEDURE · 26 words · no verdicts yet
in plain englishAI-generated · not legal advice
In a lawsuit for money owed to the Post Office Department, the Department may recover 6 percent yearly interest. Interest runs from the default date.
In a lawsuit for a balance owed to the Post Office Department*, the Department may recover interest at 6 percent per year beginning when the debtor defaults.
the actual law source: uscode.house.gov ↗public domain
In suits for balances due the Post Office Department* may recover interest at the rate of 6 per centum per year from the time of default.
Source credit: (Added Pub. L. 86–682, § 9, Sept. 2, 1960, 74 Stat. 708.)
history & why it existsrecord from the source credit
- 1960Enacted · Pub. L. 86-682 · 74 Stat. 708
A history note hasn’t been published yet. The record shows enactment by Pub. L. 86-682 on 1960-09-02.
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