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OK HB2664
Bill
Status
3/10/2010
Primary Sponsor
Daniel Sullivan
Click for details
AI Summary
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Modifies prejudgment interest provisions for civil cases filed in district courts, changing the applicable date from January 1, 2010 to November 1, 2009.
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Applies to actions where verdicts for personal injury damages are awarded; prejudgment interest accrues starting 24 months after the suit is commenced.
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Interest rates are based on prime rate plus 2% for postjudgment interest and average U.S. Treasury Bill rates for prejudgment interest, adjusted annually by calendar year.
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Interest calculations are performed separately for each calendar year a judgment remains unpaid, with rates certified by the Administrative Director of the Courts.
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Declares the measure an emergency act, indicating immediate implementation was necessary.
Legislative Description
Civil procedure; modifying certain date relating to prejudgment interest.
Civil and Criminal Procedure and Courts
Last Action
Reported Do Pass Judiciary committee; CR filed
3/31/2010