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
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
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.
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 |