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MS HB144
Bill
Status
Failed
3/6/2012
Primary Sponsor
Jessica Upshaw
Click for details
AI Summary
- Amends Section 75-17-7 of the Mississippi Code to change how interest accrues on court judgments and decrees
- Judgments based on sales or contracts continue to bear interest at the same rate as the underlying contract
- All other judgments shall bear interest at a per annum rate equal to the Federal Reserve Bank's discount rate in the district where the court is located
- Interest begins accruing from a date determined by the judge to be fair, but no earlier than the date the complaint was filed
- Effective July 1, 2012
Legislative Description
Judgments; rate of interest on shall be equal to Federal Reserve discount rate.
Last Action
Died In Committee
3/6/2012
Full Bill Text
No bill text available