State Court Administrator announces interest rate on judgments for 2020 Tuesday, December 3, 2019

This notice is being posted as required by NDCC § 28-20-34. That statute requires that before the twentieth of December of each year, the State Court Administrator must determine the rate of interest on judgments. This rate is determined by using the prime rate as it is reported on the first Monday in December, plus 3 percentage points, and rounded up to the next one-half percentage point. The prime rate on December 2, 2019 was 4.75%. Therefore, the interest rate for judgments entered between January 1, 2020 and December 31, 2020 shall be 8.00%.

Previous Interest Rate on Judgments
2020 8.00%
2019 8.50%
2018 7.50%
2017 6.50%
2016 6.50%
2015 6.50%
2014 6.50%
2013 6.50%
2012 6.50%
2011 6.50%
2010 6.50%
2009 7.00%
2008 10.50%
2007 11.50%
2006 10.00%