HOUSE BILL 432

File Code: Civil Actions and Procedures

Sponsored By:

Delegate Rosenberg

Entitled:

Courts - Interest Rate on Judgments

Synopsis:

Changing the legal rate of interest on a judgment from 10 percent per annum to the weekly average 1-year constant maturity treasury yield, as published by the Board of Governors of the Federal Reserve System, for the calendar week preceding the date of the judgment.

History by Legislative Date

House Action

2/1

First Reading Judiciary

2/2

Hearing 2/22 at 1:00 p.m.

2/28

Unfavorable Report by Judiciary

Senate Action

No Action

Bill indexed under the following Subjects:

COURTS -see also- CIRCUIT; APPEALS; DISTRICT; ORPHANS'; etc.

INTEREST

JUDGMENTS

Bill affects the following Statute:

Courts and Judicial Proceedings

( 11-107 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered