Senate Bill 85
146th General Assembly (2011 - 2012)
Bill Progress
Signed 4/5/12
The General Assembly has ended, the current status is the final status.
Bill Details
5/31/11
AN ACT TO AMEND TITLE 6 OF THE DELAWARE CODE RELATING TO THE LEGAL RATE OF INTEREST AND JUDGMENTS.
This bill clarifies that the applicable post-judgment interest rate on any judgments entered in cases of personal loans is the lesser of the legal interest rate or the contract rate. This bill does not affect the usury statute or other special circumstances contemplated by current law.
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Not Required
Takes effect upon being signed into law
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Amendments
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Favorable:
On its Merits:
Unfavorable: