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§ 11-107. Rate of interest on judgments

West's Annotated Code of MarylandCourts and Judicial Proceedings

West's Annotated Code of Maryland
Courts and Judicial Proceedings
Title 11. Judgments (Refs & Annos)
Subtitle 1. Judgments--Miscellaneous (Refs & Annos)
MD Code, Courts and Judicial Proceedings, § 11-107
§ 11-107. Rate of interest on judgments
Judgments
(a) 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.
Money judgment for rent of residential premises
(b) 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.
Money judgment for delinquent real or personal property taxes
(c) 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.

Credits

Added by Acts 1980, c. 798. Amended by Acts 1985, c. 521, §§ 1, 2; Acts 1986, c. 852; Acts 2006, c. 44, § 6, eff. April 8, 2006.

Editors' Notes

HISTORICAL AND STATUTORY NOTES
2006 Legislation
Acts 2006, c. 44, § 6, in subsec. (a), corrected a cross-reference.
MD Code, Courts and Judicial Proceedings, § 11-107, MD CTS & JUD PRO § 11-107
Current through legislation effective July 1, 2019, from the 2019 Regular Session of the General Assembly.
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