Bill Text: CA AB1871 | 2021-2022 | Regular Session | Amended
Bill Title: Vehicle history reports.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2022-09-30 - Chaptered by Secretary of State - Chapter 863, Statutes of 2022. [AB1871 Detail]
Download: California-2021-AB1871-Amended.html
Amended
IN
Assembly
March 24, 2022 |
Introduced by Assembly Member Calderon |
February 08, 2022 |
LEGISLATIVE COUNSEL'S DIGEST
Existing law provides that a person who is entitled to recover damages certain, or capable of being made certain by calculation, and in whom the right to recover those damages vested on a particular day is also entitled to collect interest on the damages from that day, except as prescribed.
This bill would make nonsubstantive changes to that provision.
Digest Key
Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NOBill Text
The people of the State of California do enact as follows:
SECTION 1.
Title 1.5A (commencing with Section 1784.1) is added to Part 4 of Division 3 of the Civil Code, to read:TITLE 1.5A. Vehicle History Reports
1784.1.
(a) For purposes of this section, the following definitions apply:(a)A person who is entitled to recover damages certain, or capable of being made certain by calculation, and the right to recover that is vested in the person upon a particular day, is entitled also to recover interest thereon from that day, except when the debtor is prevented by law, or by the act of the creditor from paying the debt. This section is applicable to recovery of damages and interest from a debtor, including the state or any
county, city, city and county, municipal corporation, public district, public agency, or any political subdivision of the state.
(b)A person who is entitled under a judgment to receive damages based upon a cause of action in contract where the claim was unliquidated, may also recover interest thereon from a date before the entry of judgment as the court may,
in its discretion, fix, but in no event earlier than the date the action was filed.
(c)Unless another statute provides a different interest rate, in a tax or fee claim against a public entity that results in a judgment against the public entity, interest shall accrue at a rate equal to the weekly average one year constant maturity United States Treasury yield but shall not exceed 7 percent per annum. That rate shall control until the judgment becomes enforceable under Section 965.5 or 970.1 of the Government Code, at which time interest shall accrue at an annual rate equal to the weekly average one year constant maturity United States Treasury yield at the time of the judgment plus 2
percent but shall not exceed 7 percent per annum.