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Post Judgment interest rates

08 Jan 2015 1:46 PM | Michelle Barrus (Administrator)


*Notice of the 2015 post judgment interest rates, Utah Code Ann. 15-1-4, which are:

The general post-judgment interest rate for 2015 is 2.27%.

The post-judgment interest rate for judgments under $10,000 in actions regarding the purchase of goods and services is 10.27%. Hyperlink can be found below

 http://www.utcourts.gov/ resources/intrates/ interestrates.htm

 

*A second post-judgment interest rate may also be news as it went into effect in May 2014 and it is found at 15-1-4(3)(b):

 

Except as otherwise provided by law or contract, all final judgments under $10,000 in actions regarding the purchase of goods and services shall bear interest at the federal post judgment interest rate as of January 1 of each year, plus 10%. Hyperlink below.

 

 http://le.utah.gov/~code/ TITLE15/htm/15_01_000400.htm

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