VA SB197 | 2014 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 3 2014 - 25% progression, died in committee
Action: 2014-02-11 - Left in Commerce and Labor
Pending: Senate Commerce and Labor Committee
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 3 2014 - 25% progression, died in committee
Action: 2014-02-11 - Left in Commerce and Labor
Pending: Senate Commerce and Labor Committee
Text: Latest bill text (Prefiled) [HTML]
Summary
Judgment rate of interest, cap. Provides that the interest rate on a money judgment entered on or after July 1, 2014, in an action arising from a contract shall be the rate provided by the contract until the judgment date and six percent thereafter. Currently, the judgment rate of interest for a money judgment is the rate provided by the contract or six percent, whichever is higher.
Title
Judgment; rate of interest, cap.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2014-02-11 | Senate | Left in Commerce and Labor |
| 2014-01-03 | Senate | Referred to Committee on Commerce and Labor |
| 2014-01-03 | Senate | Prefiled and ordered printed; offered 01/08/14 14100021D |
Subjects
Code Citations
Virginia State Sources
| Type | Source |
|---|---|
| Summary | https://lis.virginia.gov/cgi-bin/legp604.exe?141+sum+SB197 |
| Text | https://lis.virginia.gov/cgi-bin/legp604.exe?141+ful+SB197+hil |
