SB24-062
Prohibit Attorney Fees on Personal Injury Interest
Concerning prohibiting collection of attorney fees based on interest on judgments.
Session:
2024 Regular Session
Subject:
Bill Summary
Courts & Judicial
Current law permits a plaintiff in a personal injury case stemming from a tort to claim interest at a rate of 9% on the damages alleged from the date the action accrued until the date the judgment is satisfied. Beginning July 1, 2024, the bill prohibits a plaintiff's attorney from collecting attorney contingency fees based on that portion of the ultimate damages award attributable to the 9% interest.
(Note: This summary applies to this bill as introduced.)