Legislation	Clerk's Office	Members	Committees	Meetings	Home	Senate

HB 958 - Judgments; interest; include cert attorneys' fees and court costs

Campbell, Jr, Thomas R (42nd)

Status Summary	HC:		SC:		FR:	/ /	LA:	/ /

First Reader Summary

A BILL to amend Code Section 7-4-12 of the Official Code of Georgia Annotated, relating to interest on judgments, so as to provide that the amount of judgment upon which interest may be charged shall include attorney's fees awarded and court costs assessed; and for other purposes.

Code Sections - 7-4-12

HB 958                                             LC 19 4302 
 
 
 
 
 
 
                        A BILL TO BE ENTITLED 
                               AN ACT 
 
 
  1- 1  To amend Code Section 7-4-12 of the Official Code of Georgia 
  1- 2  Annotated, relating to interest on judgments, so as to 
  1- 3  provide that the amount of judgment upon which interest may 
  1- 4  be charged shall include attorneys' fees awarded and court 
  1- 5  costs assessed; to repeal conflicting laws; and for other 
  1- 6  purposes. 
 
  1- 7       BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA: 
 
  1- 8                           SECTION 1. 
 
  1- 9  Code Section 7-4-12 of the Official Code of Georgia 
  1-10  Annotated, relating to interest on judgments, is amended by 
  1-11  striking said Code section in its entirety and inserting in 
  1-12  lieu thereof the following: 
 
  1-13    "7-4-12. 
 
  1-14    All judgments in this state shall bear interest upon the 
  1-15    principal amount recovered, including any attorneys' fees 
  1-16    and court costs awarded, at the rate of 12 percent per 
  1-17    year unless the judgment is rendered on a written contract 
  1-18    or obligation providing for interest at a specified rate, 
  1-19    in which case the judgment shall bear interest at the rate 
  1-20    specified in such contract or obligation.  The 
  1-21    postjudgment interest provided for in this Code section 
  1-22    shall apply automatically to all judgments in this state 
  1-23    and such interest shall be collectable as a part of each 
  1-24    such judgment whether or not such judgment specifically 
  1-25    reflects the entitlement to such interest." 
 
  1-26                           SECTION 2. 
 
  1-27  All laws and parts of laws in conflict with this Act are 
  1-28  repealed. 
 
 
 
 
 
 
 
 
                                 -1-