Bill Title: Interest on judgments for money. Provides that the payment of interest on judgments for money shall be paid at the following rate if there was no contract between the parties to the suit, or if a rate of interest was not agreed upon in the original contract sued upon: (1) An annual rate of 8%, with respect to the accrual of interest before July 1, 2019, on any part of a judgment that is paid before July 1, 2019. (2) The lesser of: (A) 8%; or (B) the applicable adjusted rate of interest calculated by the department of state revenue for the nonpayment of taxes as of the date of payment of the interest on the judgment; with respect to the accrual of interest after June 30, 2019, on any part of a judgment that is unpaid after June 30, 2019, even if the judgment was rendered before July 1, 2019.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2019-01-24 - Senator Head added as second author [SB0441 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2019-01-10	PDF	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Indiana SB0441

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Indiana SB0441 currently on file.

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