KRS 360.040: Interest on judgments.
Where this section sits in the code
- KRS Chapter 360
(1) Except as provided in subsections (2), (3), and (4) of this section, a judgment,
including a judgment for prejudgment interest, shall bear six percent (6%)
interest compounded annually from the date the judgment is entered. A
judgment may be for the principal and accrued interest.
(2) A judgment for unpaid child support payments shall bear twelve percent (12%)
interest compounded annually from the date the judgment is entered.
(3) A judgment rendered on a contract, promissory note, or other written obligation
shall bear interest at the interest rate established in that contract, promissory
note, or other written obligation.
(4) When a claim for unliquidated damages is reduced to judgment, such judgment
may bear less interest than six percent (6%) if the court rendering such
judgment, after a hearing on that question, is satisfied that the rate of interest
should be less than six percent (6%). All interested parties must have due
notice of said hearing.
Collected 2026-09-05T20:58:53Z. Source file · JSON