summary
Introduced
02/16/2023
02/16/2023
In Committee
02/16/2023
02/16/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
For legislation relative to prejudgment interest rates. The Judiciary.
AI Summary
This bill amends sections 6B and 6C of Chapter 231 of the General Laws to change the prejudgment interest rate from a fixed 12% per annum to a rate calculated based on the weekly average 1-year constant maturity treasury yield published by the Federal Reserve for the calendar week preceding the date of the judgment. This change adjusts the prejudgment interest rate to reflect current market conditions rather than using a static rate.
Committee Categories
Justice
Sponsors (1)
Last Action
Accompanied a study order, see S2612 (on 02/08/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/193/S1029 |
| BillText | https://malegislature.gov/Bills/193/S1029.pdf |
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