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House adopts amendments to raise interest on small judgments in SB225

Utah House of Representatives · March 9, 2017
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Senate Bill 225, which adjusts interest applied to certain civil judgments arising from goods and services, was amended and passed the House unanimously; sponsor described higher interest for judgments related to goods and services and framed it as an incentive for collection.

The Utah House on March 9 adopted an amendment and passed Senate Bill 225, which adjusts how interest accrues on certain judgments entered in district and justice courts.

Representative Snow, speaking as sponsor, said SB225 leaves the normal interest rate (the federal rate plus 2%) in place…

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