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Latest Update: Monday, October, 13th 2008
Companion Bill SB3381.
Courts, Municipal - Provides that decrees of municipal courts earn same post-judgment interest as other court decrees and judgments. - Amends TCA Title 47, Chapter 14. Fiscal Summary for *HB3198 / SB3381MINIMAL
Bill Summary for *HB3198 / SB3381
Under present law, interest on judgments is generally computed at the effective rate of 10 percent per annum. If a judgment is based on a note, contract, or other writing fixing a rate of interest within the usury limits for that particular category of transaction, the judgment bears interest at the rate so fixed.
This bill specifically requires interest on municipal court judgments to be computed at the same rate as interest on other judgments.
Latest Actions
- 04/04/2008 - Public Chapter 655
- 04/04/2008 - Effective date(s) 03/27/08
- 03/28/2008 - Signed by Governor.
- 03/20/2008 - Transmitted to Governor for his action.
- 03/20/2008 - Signed by Senate Speaker
show all actions- 04/04/2008 - Public Chapter 655
- 04/04/2008 - Effective date(s) 03/27/08
- 03/28/2008 - Signed by Governor.
- 03/20/2008 - Transmitted to Governor for his action.
- 03/20/2008 - Signed by Senate Speaker
- 03/19/2008 - Signed by House Speaker
- 03/18/2008 - Enrolled; ready for sig. of House Speaker.
- 03/17/2008 - Passed Senate, Ayes 32, Nays 0
- 03/17/2008 - Senate Substituted House Bill for Companion Senate Bill
- 03/10/2008 - Received from House, Passed first consideration
- 03/06/2008 - Engrossed; ready for transmission to Sen.
- 03/06/2008 - Passed House, Ayes 92, Nays 0
- 03/05/2008 - Placed on Calendar House Regular Calendar (1) for 03/06/2008
- 03/04/2008 - H. Placed on Regular Calendar for 3/06/08
- 02/27/2008 - Placed on Calendar Calendar & Rules Committee for 03/04/2008
- 02/27/2008 - Recommended For Passage Referred to: Calendar & Rules Committee
- 02/25/2008 - Placed on Calendar Judiciary Committee for 02/27/2008
- 02/19/2008 - Recommended For Passage by Subcommittee Referred to Judiciary
- 02/13/2008 - Placed on Subcommittee Calendar Civil Practice and Procedure of Judiciary for 02/19/2008
- 01/29/2008 - Assigned to Subcommittee Civil Practice and Procedure of JUD
- 01/24/2008 - Passed second consideration, Referred to Judiciary
- 01/23/2008 - Introduced, Passed first consideration
- 01/17/2008 - Filed for Introduction
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Fiscal Notes
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