Text: HSB00139 Text: HSB00141 Text: HSB00100 - HSB00199 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. NEW SECTION. 677.10A PREJUDGMENT INTEREST.
1 2 If any offer to confess judgment is made under this chapter
1 3 and is not accepted, and a subsequent trial results in a
1 4 judgment which is less than the offer to confess judgment,
1 5 prejudgment interest shall not be calculated or be subject to
1 6 recovery after the date of the offer to confess judgment.
1 7 EXPLANATION
1 8 This bill limits recovery of prejudgment interest in any
1 9 pending or proposed action where an offer to confess judgment
1 10 is made, but is not accepted, and a subsequent trial results
1 11 in a judgment that is less than the amount in the offer to
1 12 confess judgment. In such a case, no prejudgment interest is
1 13 to be calculated or is recoverable after the date of the offer
1 14 to confess judgment.
1 15 LSB 2166YC 79
1 16 rh/cf/24
Text: HSB00139 Text: HSB00141 Text: HSB00100 - HSB00199 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
© 2001 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Thu Feb 15 03:35:21 CST 2001
URL: /DOCS/GA/79GA/Legislation/HSB/00100/HSB00140/010207.html
jhf