House Sponsors: SAVIANO. Short description: INTEREST-HIGHER CREDITORS RATE Synopsis of Bill as introduced: Amends the Interest Act. Increases, from 5% to 7%, the rate of interest to which creditors are entitled on money after it becomes due. Last action on Bill: THIRD READING/SHORT DEBATE/LOST (APRIL 4, 2001) Last action date: JAN-05-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status