2013 Kentucky Revised Statutes
CHAPTER 360 - INTEREST AND USURY
360.040 Interest on judgment.

Download as PDF 360.040 Interest on judgment. A judgment shall bear twelve percent (12%) interest compounded annually from its date. A judgment may be for the principal and accrued interest; but if rendered for accruing interest on a written obligation, it shall bear interest in accordance with the instrument reporting such accruals, whether higher or lower than twelve percent (12%). Provided, that when a claim for unliquidated damages is reduced to judgment, such judgment may bear less interest than twelve percent (12%) if the court rendering such judgment, after a hearing on that question, is satisfied that the rate of interest should be less than twelve percent (12%). All interested parties must have due notice of said hearing. Effective:July 15, 1982 History: Amended 1982 Ky. Acts ch. 7, sec. 2, effective July 15, 1982. -- Amended 1976 Ky. Acts ch. 59, sec. 2. -- Amended 1942 Ky. Acts ch. 99, sec. 1. -Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 2220.