Illinois House Introduces Bill to Lower Interest Rates On Past-Due Child Support
House Bill 929 seeks to lower interest on unpaid child support from 9% to 5% annually
Under current Illinois law, a 9% annual interest is added to amounts due for unpaid child support. Should HB 929 become law, the interest on unpaid child support would be calculated at the end of each month by adding one-twelfth of 5% of the unpaid balance to the total amount of past-due child support owed.
If you have questions about unpaid child support or another family law matter contact Arlington Heights divorce lawyer David Saxe for a consultation.
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