HB278 Alabama 2014 Session

Summary

Primary Sponsor

Paul Beckman

Republican

Co-Sponsors

Rod ScottMerika Coleman

Session

Regular Session 2014

Title

Civil judgments, interest accrues from date of judgment, Sec. 8-8-10 am'd.

Description

Under existing law, judgments for the payment of money based on a contract action bear interest from the day of the cause of action at the same rate of interest as stated in the contract.

This bill would provide that those judgments would bear interest from the date judgment is signed and provide for a post-judgment interest on contracts of up to 21 percent per annum.

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Subjects

Civil Procedure