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2004 SESSION

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SB 144 Judgment; rate of interest.

Introduced by: Ken T. Cuccinelli, II | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Judgment rate of interest. Makes the judgment rate of interest for judgments not relating to a contract the prime rate plus two percent set as of the July 1 immediately prior to the date of judgment. Under current law, the judgment rate of interest is nine percent. A money judgment entered in an action arising from a contract shall carry interest at the rate lawfully charged on such contract, or the prime rate plus two percent set as of the July 1 immediately prior to the date of judgment, whichever is higher. Under current law, the judgment rate is the rate lawfully charged on such contract, or nine percent, whichever is higher.

FULL TEXT

• 01/14/04  Senate: Presented & ordered printed, prefiled 01/12/04 045499720  pdf

HISTORY

• 01/14/04  Senate: Presented & ordered printed, prefiled 01/12/04 045499720
• 01/14/04  Senate: Referred to Committee on Commerce and Labor
• 01/26/04  Senate: Pursuant to S. Rule20(j), rerefer.by C.& L. (12-Y 0-N)
• 01/26/04  Senate: Rereferred to Courts of Justice
• 02/09/04  Senate: Continued to 2005 in Courts of Justice (15-Y 0-N)