Who is a co-applicant? A co-applicant refers to a person who applies along with the borrower for a loan. This is done so that the income of the co-applicant can be used to supplement the borrowerâs income and increase his/her eligibility.
Here are some states' approaches to the question of awarding post-judgment interest: 1  California provides for a fixed interest rate of 10% per annum for postjudgment interest. 2  North Carolina applies a statutory rate of 8%.
Texas interest rate laws are stated in Texas Finance Code, Title 4 (Regulation of Interest Loans and Financed Transactions), Subtitle A (Interest).Under Section 302.002, the state legal maximum interest rate is six percent per annum. Under Section 304.002, interest rate on money judgment is 18 percent per annum.If the judgment is based on a contract fixing another rate of interest, the interest will be equal to the lesser rate specified in the transaction.exas interest rate laws are stated in Texas Finance Code, Title 4 (Regulation of Interest Loans and Financed Transactions), Subtitle A (Interest).