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2004 SESSION

• | print version

HB 260 Judgment; rate of interest.

Introduced by: Dwight Clinton Jones (by request) | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Judgment rate of interest. Clarifies that the judgment rate of interest, where the relevant contract or instrument is silent and the court or jury has not set the interest rate, is the same for pre- and post-judgment interest. The judgment rate is lowered from its current rate of nine percent to six percent, to reflect current market realities. This rate of interest applies in civil actions, and is used to calculate child support arrearages pursuant to § 20-78.2.

FULL TEXT

• 01/14/04  House: Presented & ordered printed, prefiled 01/08/04 047052364  pdf | impact statement

HISTORY

• 01/14/04  House: Presented & ordered printed, prefiled 01/08/04 047052364
• 01/14/04  House: Referred to Committee for Courts of Justice
• 02/13/04  House: Incorporated by C. J. (HB1460-Reese) (22-Y 0-N)