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IN RE INTEREST RATE ON MONEY DECREES, JUDGMENTS

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406 S.C. 502 (2014)

753 S.E.2d 245

Re INTEREST RATE ON MONEY DECREES and JUDGMENTS.

Supreme Court of South Carolina.

January 3, 2014.

ORDER

S.C.Code Ann. § 34-31-20(B) (Supp.2013) provides that the legal rate of interest on money decrees and judgments "is equal to the prime rate as listed in the first edition of the Wall Street Journal published for each calendar year for which the damages are awarded, plus four percentage points, compounded annually. The South Carolina Supreme Court shall issue an order by January 15 of each year confirming the annual prime rate. This section applies to...

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