16-65-114. Interest on judgments.

Arkansas Code — all titles (historical 2020) · legal_authorities

16-65-114. Interest on judgments.

16-65-114. Interest on judgments. (a)(1) Except as provided in subdivision (a)(2) of this section, a judgment entered by a court shall bear post-judgment interest and, if appropriate under the facts of the case, prejudgment interest: (A) In an action on a contract at the rate provided by the contract or at a rate equal to the Federal Reserve primary credit rate in effect on the date on which the judgment is entered plus two percent (2%), whichever is greater; and (B) In any other action at a rate equal to the Federal Reserve primary credit rate in effect on the date on which the judgment is entered plus two percent (2%). (2) Interest on a judgment shall not exceed the maximum rate permitted under Arkansas Constitution, Amendment 89. (b) A judgment rendered or to be rendered against a county in the state on a county warrant or other evidence of county indebtedness shall not bear interest.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 16-65-114

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.