§ 13:4202 — Rates of judicial interest

Louisiana § 13:4202

• Jurisdiction: Louisiana
• Title 13: Courts and Judicial Procedure

Text

§4202. Rates of judicial interest
A. The rate of judicial interest resulting from a lawsuit pending or filed during the
indicated periods shall be as follows:
(1) Prior to September 12, 1980, the rate shall be seven percent per annum.
(2) On and after September 12, 1980, until September 11, 1981, the rate shall be ten
percent per annum.
(3) On and after September 11, 1981, until January 1, 1988, the rate shall be twelve
percent per annum.
(4) On January 1, 1988, and for the entire year of 1988, the rate shall be nine and
three-quarters percent per annum.
(5) On January 1, 1989, and for the entire year of both 1989 and 1990, the rate shall
be eleven and one-half percent per annum.
(6) On January 1, 1991, and for the entire year of 1991, the rate shall be eleven
percent per annum.
(7) On January 1, 1992, and for the entire year of 1992, the rate shall be nine percent
per annum.
(8) On January 1, 1993, and for the entire year of both 1993 and 1994, the rate shall
be seven percent per annum.
(9) On January 1, 1995, and for the entire year of 1995, the rate shall be eight and
three-quarters percent per annum.
(10) On January 1, 1996, and for the entire year of 1996, the rate shall be nine and
three-quarters percent per annum.
(11) On and after January 1, 1997, until August 1, 1997, the rate shall be nine and
one-quarter percent per annum.
(12) On and after August 1, 1997, and for the remainder of 1997, the rate shall be
seven and nine-tenths percent per annum.
(13) On January 1, 1998, and for the entire year of 1998, the rate shall be seven and
six-tenths percent per annum.
(14) On January 1, 1999, and for the entire year of 1999, the rate shall be six and
seventy-three-hundredths percent per annum.
(15) On January 1, 2000, and for the entire year of 2000, the rate shall be seven and
two hundred eighty-five-thousandths percent per annum.
(16) On January 1, 2001, and for the entire year of 2001, the rate shall be eight and
two hundred forty-one-thousandths percent per annum.
B.(1) On and after January 1, 2002, the rate shall be equal to the rate as published
annually, as set forth below, by the commissioner of financial institutions. The
commissioner of financial institutions shall ascertain, on the first business day of October of
each year, the Federal Reserve Board of Governors approved "discount rate" published daily
in the Wall Street Journal. The effective judicial interest rate for the calendar year following
the calculation date shall be three and one-quarter percentage points above the discount rate
as ascertained by the commissioner.
(2) The judicial interest rate for the calendar year following the calculation date shall
be published in the December issue of the Louisiana Bar Journal, the December issue of the
Louisiana Register, and in one newspaper of general circulation in each of the cities of
Alexandria, Baton Rouge, Lake Charles, Lafayette, Monroe, New Orleans, and Shreveport.
The notice in such newspapers shall be published on two separate occasions, with at least one
week between publications, during the month of December. The publication in the Louisiana
Register shall not be considered rulemaking, within the intendment of the Administrative
Procedure Act, R.S. 49:950 et seq., and particularly R.S. 49:961.

Legislative History

Acts 1997, No. 275, §§1, 3, eff. June 17, 1997; Acts 2001, No. 841, §1; Acts 2012, No. 825, §1, eff. June 14, 2012.