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2004 SESSION

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HB 48 Judgment; rate of interest.

Introduced by: Gary A. Reese | 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 seven percent, to reflect current market realities.


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