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Acts and Regulations
2012-103
- General
Section 58
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2012-12-11
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Interest
58
(1)
Interest on a debt shall be calculated at the stated rate agreed between the parties to the date of judgment.
58
(2)
An adjudicator may award prejudgment interest for damages to the date of judgment.
58
(3)
The rate of interest that a judgment is to bear from the time the judgment takes effect shall be 7% per year.
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