Georgia post judgment interest

Factual Questions
1

Any GA lawyers out there know how to calculate post judgment interest? All other statutory rates are simple interest, but with Prime plus 3% I don’t know how to compound, and if it’s simple (which I suspect that it is, given the no interest charged on interest rule), then I don’t know what rate to use. I’ve seen that in other states, you use the WSJ rate at the beginning of the year for the whole year. Is that how we do it too?

Westlaw and google are failing me, and I’m burning hours trying to find what should be an easy question.

Any source cite would be very welcome.

2

Here is an excellent site to start with state collection laws.

You should be able to get an idea and go from there

3

Markxx

Thanks for your reply. But just for the sake of accuracy, that site is wrong. It says judgment interest is 12%. That was true until 2003, but then we went to Prime plus 3. My question is how to apply the Prime plus three, i.e. which date do you pull the prime rate from for each year applied to a judgment.

Hoping to find a Ga atty who has done this and can point me to some GA authority.

4

You will find current post-judgment interest rates for all states at National Judgment Recovery Network | Training and Certification. Rates are revised weekly.