§ 402 SECTION 402 Interest rate
RPAPL § 402
In all valuations made under this article, the interest rate of four per centum, compounded annually, shall be employed for all purposes.
NY State — NY Real Property Actions & Proceedings Law
§ 402 — SECTION 402 Interest rate
Brooklyn since 2014All five boroughsSame-day response during business hours
Statute text reproduced from nysenate.gov. Not attorney-reviewed for your situation — for reference only.
What is NY RPAPL § 402?
Quick Answer
This section establishes an interest rate of four percent, compounded annually, for all valuations conducted under this article. The statute is relevant to financial calculations related to property valuations. Applies to property owners involved in such valuations.
General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.
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