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MA S1149
Bill
AI Summary
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Replaces the fixed 12% annual prejudgment interest rate in Massachusetts with a variable rate tied to the weekly average 1-year constant maturity treasury yield published by the Federal Reserve Board of Governors
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Amends Section 6B of Chapter 231 of the General Laws to apply the new variable interest rate calculation
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Amends Section 6C of Chapter 231 to apply the same treasury yield-based calculation for prejudgment interest in those proceedings
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Interest rate would be determined based on the calendar week preceding the date of judgment
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Similar legislation (Senate No. 1029) was filed in the 2023-2024 legislative session
Legislative Description
Relative to prejudgment interest rates
Last Action
Accompanied a study order, see S2930
1/29/2026
Committee Referrals
Judiciary2/27/2025
Full Bill Text
No bill text available