SB17-191
Market-based Interest Rates On Judgments
Concerning market-based rates for interest on judgments.
Session:
2017 Regular Session
Subject:
Bill Summary
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.)