Casetrackerlaw > Statutory Interest – Adding Multiple States

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For law firms operating across multiple states, managing varying statutory interest rates is crucial. Casetrackerlaw now offers the capability to handle this complexity efficiently. Previously, firms could only input the statutory interest rate for their home state. Now, they can enter and manage rates for multiple states.

Here's how it works:

  1. Litigation Tab: When working on a claim, navigate to the “Litigation” tab.
  2. Litigation State Drop-down: Populate the “Litigation State” drop-down with the required state.
  3. Settings - Statutory Interest: Once saved, this state will appear in the drop-down menu under Settings, Statutory Interest.
  4. Rate Control: Enter the statutory interest rate for the selected state to ensure precise control over the interest process.

The system will allow selections from states listed under “Company Info” in Settings or those added in the “Litigation States” drop-down in Claims. The Settings, Statutory Interest drop-down menu will only appear if multiple states are entered in the system.

This feature streamlines the management of statutory interest rates across different jurisdictions, making it easier for law firms to handle multi-state debt collection efficiently.

Call or email our office for more information.
954-461-1600 / bsmith@casetrackerlaw.com

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