MA H878

Bill

Reducing interest liability in treble damage settlements

Introduced
01/23/2017

In Committee
01/23/2017

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation to change the interest rate on treble damages. The Judiciary.

AI Summary

This bill proposes to change the interest rate applied to treble damages awarded in cases under Chapter 93A of the Massachusetts General Laws. Specifically, it would limit the interest rate to the weekly average 1-year constant maturity Treasury yield for the period from the date of the breach or demand, rather than the potentially higher standard interest rate. This change would reduce the overall liability for parties ordered to pay treble damages in these types of cases.

Committee Categories

Justice

Sponsors (1)

Kevin Kuros (R),

Last Action

Accompanied a study order, see H4874 (on 08/09/2018)

Official Document

https://malegislature.gov/Bills/190/H878

(6 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/190/H878
Bill	https://malegislature.gov/Bills/190/H878.pdf

Bill	Bill Name	Last Action	Type
H1526	Updating interest rates for property tax abatements	Accompanied a study order, see H4244	Similar To
H4874	Judiciary Study Order	Discharged to the committee on House Rules	Replaced by
S1573	Relative to equalizing the Department of Revenue interest rates	Accompanied S1604	Similar To
S1604	Providing interest rate parity	No further action taken	Similar To
S1644	Relative to the interest rate on tax-deferred property	Accompanied S1503	Similar To
S887	Relative to prejudgment interest rates	Accompanied a study order, see S2313	Similar To

Bill > H878

MA H878

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary