Friday, January 2nd, 2009...2:01 pm
New Alaska Pre- and Post-judgment Interest Rate
This from Superior Court Judge Douglas Blankenship, President Judge for the 4th Judicial District:
The discount rate in effect on January 2, 2009, in the 12th Federal Reserve District is .50%. Therefore, under AS 09.30.070(a), the interest rate on judgments entered in 2009 will be 3.50 % (both pre- and post-judgment). Exceptions: This rate does not apply if:
1. there is a contract that sets a different rate,
2. there is a statute that sets a different rate, or
3. the cause of action accrued before August 7, 1997 (in which case the interest rate will be 10.5%).
The court system website at http://www.state.ak.us/courts/int.htm contains information concerning how to determine pre and post judgment interest rates for the 2009 calendar year.
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