LD 1132
pg. 3
Page 2 of 3 An Act To Simplify Calculation of Legal Interest LD 1132 Title Page
Download Bill Text
LR 834
Item 1

 
SUMMARY

 
This bill sets prejudgment interest rates at 6% and
postjudgment interest rates at 10% for all court actions.
This bill also allows the Supreme Judicial Court to review the
rates once yearly and change the rates to accurately reflect
market rates if interest rates substantially change, roughly
keeping the 6/10 ratio of prejudgment interest rates to
postjudgment interest rates.


Page 2 of 3 Top of Page LD 1132 Title Page