2010 Maryland Code
COURTS AND JUDICIAL PROCEEDINGS
TITLE 11 - JUDGMENTS
Subtitle 1 - Judgments - Miscellaneous
Section 11-107 - Interest on judgments generally; interest on money judgment for rent; interest on money judgment for delinquent property taxes.
§ 11-107. Interest on judgments generally; interest on money judgment for rent; interest on money judgment for delinquent property taxes.
(a) Legal rate of interest on judgments.- Except as provided in § 11-106 of this subtitle, the legal rate of interest on a judgment shall be at the rate of 10 percent per annum on the amount of judgment.
(b) Rate of interest for judgments for rent of residential premises.- The legal rate of interest on a money judgment for rent of residential premises shall be at the rate of 6 percent per annum on the amount of the judgment.
(c) Rate of interest for judgments for delinquent real or personal property taxes.- The legal rate of interest on a money judgment for delinquent real or personal property taxes shall be the greater of:
(1) The sum of the rates fixed under §§ 14-603 and 14-702 of the Tax - Property Article for interest and penalties; or
(2) At the rate of 10 percent per annum.
[1980, ch. 798; 1985, ch. 521, §§ 1, 2; 1986, ch. 852; 2006, ch. 44, § 6.]
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