sec.321Interest on unpaid legal costs

### sec.321 Interest on unpaid legal costs A law practice may charge interest on unpaid legal costs— if a costs agreement provides for charging interest on unpaid legal costs—under the costs agreement; or otherwise—if the costs are unpaid 30 days or more after the law practice has given a bill for the costs under this part. However, a law practice must not charge interest under subsection (1) on unpaid legal costs unless the bill for the costs contains a statement that interest is payable and of the rate of interest. A law practice may not charge interest under this section, including under a costs agreement, at a rate that is more than the rate prescribed under a regulation. (sec.321-ssec.1) A law practice may charge interest on unpaid legal costs— if a costs agreement provides for charging interest on unpaid legal costs—under the costs agreement; or otherwise—if the costs are unpaid 30 days or more after the law practice has given a bill for the costs under this part. (sec.321-ssec.2) However, a law practice must not charge interest under subsection (1) on unpaid legal costs unless the bill for the costs contains a statement that interest is payable and of the rate of interest. (sec.321-ssec.3) A law practice may not charge interest under this section, including under a costs agreement, at a rate that is more than the rate prescribed under a regulation. - (a) if a costs agreement provides for charging interest on unpaid legal costs—under the costs agreement; or - (b) otherwise—if the costs are unpaid 30 days or more after the law practice has given a bill for the costs under this part.