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SB17-191

Market-based Interest Rates On Judgments

Concerning market-based rates for interest on judgments.
Session:
2017 Regular Session
Subject:
Civil Law

The current rate of postjudgment interest is 2% over the Kansas City discount rate with a floor of 8%. The bill eliminates the floor.

The current interest rate for judgments for personal injury damages caused by a tort is 9%. The bill ties this interest rate to the current rate of postjudgment interest.


(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Status

Introduced
Lost

Bill Text