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SIMPKINS v. FORD MOTOR CREDIT CO.

No. 00957, September Term, 2003.

862 A.2d 471 (2004)

160 Md. App. 1

Wendy SIMPKINS v. FORD MOTOR CREDIT COMPANY, et al.

Court of Special Appeals of Maryland.

December 3, 2004.

Attorney(s) appearing for the Case

John J. Beins (Seth D. Goldbert, Paul D. Glieberman, on brief), Washington, DC, for appellant.

Thomas G. Parachini (P. Rivka Schochet, Miller Canfield, Paddock and Stone, PLC, on brief), Detroit, MI, Steven C. Kahn (Miller, Canfield, Paddock and Stone, PLC, on brief), Washington, DC, for appellee.

Panel HOLLANDER, SHARER,SONNER, ANDREW L., JJ.

SONNER, Judge.

The Maryland Constitution, Article III, section 57, provides that the legal rate of interest is six percent per year, "unless otherwise provided by the General Assembly." This is an old and enduring provision of our constitutional law, with roots to the Maryland Constitution of 1851. The Court of Appeals reaffirmed its significance in United Cable Television of Baltimore v. Burch, 354 Md. 658, 732...

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