Judgment Interest Reform: S.B. 207 (2011); Amended Code of Ala. § 6-5-410.
Changes the rate of interest on judgments in Alabama from
Changes the rate of interest on judgments in Alabama from 12% to 7.5%. Prior to the enactment of S.B. 207, a defendant who lost a lawsuit and chose to appeal had to begin paying 12% post-judgment interest on the amount the court or jury awarded the plaintiff, creating a significant financial deterrent to appealing an unjust verdict.
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