House File 2396

PAG LIN

  1  1                                          HOUSE FILE 2396
  1  2
  1  3                             AN ACT
  1  4 RELATING TO RECOVERY OF PREJUDGMENT INTEREST IN RELATION TO AN
  1  5    OFFER TO CONFESS JUDGMENT.
  1  6
  1  7 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  1  8
  1  9    Section 1.  NEW SECTION.  677.10A  PREJUDGMENT INTEREST.
  1 10    If any offer to confess judgment is made under this chapter
  1 11 and is not accepted, and a subsequent trial results in a
  1 12 judgment which is less than the offer to confess judgment,
  1 13 prejudgment interest shall not be calculated or be subject to
  1 14 recovery after the date of the offer to confess judgment.
  1 15
  1 16
  1 17                                                             
  1 18                               CHRISTOPHER C. RANTS
  1 19                               Speaker of the House
  1 20
  1 21
  1 22                                                             
  1 23                               JEFFREY M. LAMBERTI
  1 24                               President of the Senate
  1 25
  1 26    I hereby certify that this bill originated in the House and
  1 27 is known as House File 2396, Eightieth General Assembly.
  1 28
  1 29
  1 30                                                             
  1 31                               MARGARET THOMSON
  1 32                               Chief Clerk of the House
  1 33 Approved                , 2004
  1 34
  1 35
  2  1                            
  2  2 THOMAS J. VILSACK
  2  3 Governor