(at the request of House Interim Committee on Judiciary)
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Bill Title:
Relating to a legal rate of interest.
Catchline/Summary:
Provides that rate of interest on judgments that exceed $1 million is lesser of five percent per annum or three percentage points more than discount rate in effect at Federal Reserve Bank in Federal Reserve district that includes Oregon. Provides that rate of interest on judgments that exceed $1 million is lesser of five percent per annum or three percentage points more than discount rate in effect at Federal Reserve Bank in Federal Reserve district that includes Oregon.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
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HB 2556 House Committee On Judiciary
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