SB 17-191

Senate Bill 17-191, which has been signed into law, changes how interest is calculated on judgments in Colorado. Currently, there's a minimum rate for post-judgment interest, but the bill removes this floor, meaning the interest rate can go below 8% if the Kansas City discount rate plus 2% falls below that threshold. Additionally, it aligns the specific higher interest rate for personal injury damages with the general post-judgment interest rate. This affects anyone involved in legal judgments and lawsuits in Colorado, particularly those related to personal injury cases. Since the bill has been signed, these changes are now law and will affect future court decisions involving interest rates on judgments.

Official Summary

The current rate of postjudgment interest is 2% over the Kansas City discount rate with a floor of 8%. The bill eliminates the floor. The current interest rate for judgments for personal injury damages caused by a tort is 9%. The bill ties this interest rate to the current rate of postjudgment interest. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

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