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Interest Reduction in Homeowners Case by Arcale John Deraco is a document available to read on EtoBox.
What is Interest Reduction in Homeowners Case about?
The Court of Appeals correctly reduced the interest and penalties imposed by the homeowners association from 24% to 12% for interest and 8% to 6% for penalties. While the association had the authority to impose such fees, the original rates were excessive and unconscionable based on jurisprudence. The ruling was modified to award a refund to the homeowners plus 6% interest.
- Author
- Arcale John Deraco
- Language
- EN