Interest on judgments

1. Law
2. Arkansas Code
3. Practice, Procedure, And Courts
4. Civil Procedure Generally
5. Judgments Generally
6. General Provisions
7. Interest on judgments

1. (a)

   1. (1) Except as provided in subdivision (a)(2) of this section, a judgment entered by a court shall bear post-judgment interest and, if appropriate under the facts of the case, prejudgment interest:

      1. (A) In an action on a contract at the rate provided by the contract or at a rate equal to the Federal Reserve primary credit rate in effect on the date on which the judgment is entered plus two percent (2%), whichever is greater; and

      2. (B) In any other action at a rate equal to the Federal Reserve primary credit rate in effect on the date on which the judgment is entered plus two percent (2%).

   2. (2) Interest on a judgment shall not exceed the maximum rate permitted under Arkansas Constitution, Amendment 89.

2. (b) A judgment rendered or to be rendered against a county in the state on a county warrant or other evidence of county indebtedness shall not bear interest.

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