Judgment Interest Is Capped at 10 Percent — No More, No Less

The application of two statutes providing for interest over the post-judgment period cannot be applied such that the interest rate would exceed 10 percent.

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  • P. Szymonik

    Yet another example of state and judicial overreach. Under what authority or right does the state or any court have to impose interest? The state and courts are not a bank or financial institution and have no interest. This is yet another example of unlawful taking on the part of this state and a form of unconstitutional civil asset seizure. This practice and the imposition of interest by our state and courts on judgments needs to be immediately banned and stricken, not "clarified" by our courts.

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