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MO HB1920
Bill
Status
2/2/2010
Primary Sponsor
Beth Low
Click for details
AI Summary
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Reduces interest rate on past due medical debt from 9% to 6% per annum for creditors collecting on written contracts and accounts.
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Sets post-judgment interest rate at 6% per annum for medical services and treatment judgments in nontort actions, versus 9% for other judgments.
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Establishes 6% per annum interest rate for medical services and treatment judgments in tort actions, while other tort judgments bear interest at the Federal Funds Rate plus 5%.
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Applies 6% per annum interest rate to prejudgment interest awards in tort actions involving medical services and treatment, separate from the Federal Funds Rate plus 3% rate for other prejudgment interest.
Legislative Description
Specifies that creditors will only be allowed to receive and courts only allowed to grant judgments for interest at the rate of 6% per annum on past due invoices for medical services and treatment
Last Action
Referred: Judiciary (H)
5/14/2010