summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
For legislation relative to prejudgment interest rates. The Judiciary.
AI Summary
This bill proposes to amend sections 6B and 6C of chapter 231 of the General Laws in Massachusetts. The key provisions of the bill are: (1) changing the prejudgment interest rate from a fixed rate of 12% per annum to a variable rate calculated based on the weekly average one-year constant maturity treasury yield published by the Federal Reserve System for the calendar week preceding the date of the judgment; and (2) making corresponding changes to the language in the existing law to reflect this new interest rate calculation method.
Committee Categories
Justice
Sponsors (2)
Last Action
Accompanied a study order, see S2313 (on 03/01/2018)
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/190/S887 |
| Bill | https://malegislature.gov/Bills/190/S887.pdf |
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