An Act relative to delinquent and deferred interest rate uniformity

This bill amends three sections of Massachusetts law to standardize interest rates for delinquent and deferred payments. It reduces the interest rate from 14% to 8% in Sections 57, 57C, and 68 of the General Laws. The change directly affects creditors and debtors who calculate interest on overdue or deferred payments under these specific legal provisions. The bill makes a technical adjustment to existing law without creating new policies or programs.