Category Overview
Interest Paid on Judgments
State Ratings
| State Name | Interest Paid on Judgments Grade |
|---|---|
| Alabama | F |
| Alaska | A |
| Arizona | A |
| Arkansas | D |
| California | D |
| Colorado | A |
| Connecticut | D |
| Delaware | B |
| Florida | B |
| Georgia | A |
| Hawaii | D |
| Idaho | B |
| Illinois | D |
| Indiana | D |
| Iowa | A |
| Kansas | B |
| Kentucky | C |
| Louisiana | A |
| Maine | B |
| Maryland | D |
| Massachusetts | F |
| Michigan | A |
| Minnesota | B |
| Mississippi | F |
| Missouri | B |
| Montana | D |
| Nebraska | A |
| Nevada | A |
| New Hampshire | A |
| New Jersey | A |
| New Mexico | F |
| New York | D |
| North Carolina | D |
| North Dakota | A |
| Ohio | A |
| Oklahoma | B |
| Oregon | D |
| Pennsylvania | A |
| Rhode Island | F |
| South Carolina | B |
| South Dakota | D |
| Tennessee | B |
| Texas | B |
| Utah | A |
| Vermont | F |
| Virginia | C |
| Washington | A |
| West Virginia | B |
| Wisconsin | A |
| Wyoming | D |
Category Description
Damages usually accrue interest to compensate the plaintiff for the lost time value of money. Whether the interest rate reflects the rates of the current economy can significantly inflate or deflate the value of a lawsuit award.
1 Factor
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What is the interest rate applied to a judgment?
Why does this matter?
Some states have set interest rates, others tie them to fluctuating rates like those put out by the Federal Reserve. We recommend the latter so damages acrue interest in the same way they would in the economy and aren't artificially inflated or deflated.