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2004 SESSION
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.
FULL TEXT
HISTORY
- 01/14/04 House: Presented & ordered printed, prefiled 12/02/03 046407484
- 01/14/04 House: Referred to Committee for Courts of Justice
- 01/23/04 House: Stricken from docket by C. J. (19-Y 0-N)