HB278 Alabama 2014 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2014
Title
Civil judgments, interest accrues from date of judgment, Sec. 8-8-10 am'd.
Description
<p class="bill_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</p><p class="bill_description">
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</p><p class="bill_entitled_an_act"> To amend Section 8-8-10, Code of Alabama 1975,
relating to the interest on money judgments; to provide that
all money judgments would bear interest from the date judgment
is signed, at a rate not to exceed 21 percent per annum.
</p>
Subjects
Civil Procedure
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 1, 2014 | H | Pending third reading on day 14 Favorable from Judiciary with 1 amendment |
| April 1, 2014 | H | Indefinitely Postponed |
| February 12, 2014 | H | Read for the second time and placed on the calendar 1 amendment |
| January 16, 2014 | H | Read for the first time and referred to the House of Representatives committee on Judiciary |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB278 Alabama 2014 Session - Introduced |