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2014 SESSION

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SB 197 Judgment; rate of interest, cap.

Introduced by: Phillip P. Puckett | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Judgment rate of interest, cap. Provides that the interest rate on a money judgment entered on or after July 1, 2014, in an action arising from a contract shall be the rate provided by the contract until the judgment date and six percent thereafter. Currently, the judgment rate of interest for a money judgment is the rate provided by the contract or six percent, whichever is higher.

FULL TEXT

• 01/03/14  Senate: Prefiled and ordered printed; offered 01/08/14 14100021D  pdf | impact statement

HISTORY

• 01/03/14  Senate: Prefiled and ordered printed; offered 01/08/14 14100021D
• 01/03/14  Senate: Referred to Committee on Commerce and Labor
• 02/11/14  Senate: Left in Commerce and Labor