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
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