{"data":{"id":"us-ok/okla.-stat.-tit.-12-12-727","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 12, § 12-727","heading":"Interest on judgments rendered on or after January 1,","body":"2000, but before January 1, 2005.\n\nPOSTJUDGMENT INTEREST\n\nA. 1. Except as otherwise provided by this section, all\n\njudgments of courts of record, including costs and attorney fees\n\nauthorized by statute or otherwise and allowed by the court, shall\n\nbear interest at a rate prescribed pursuant to this section.\n\n2. Costs and attorney fees allowed by the court shall bear\n\ninterest from the earlier of the date the judgment or order is\n\npronounced, if expressly stated in the written judgment or order\n\nawarding the costs and attorney fees, or the date the judgment or\n\norder is filed with the court clerk.\n\nB. Judgments, including costs and attorney fees authorized by\n\nstatute or otherwise and allowed by the court, against this state or\n\nits political subdivisions, including counties, municipalities,\n\nschool districts, and public trusts of which this state or a\n\npolitical subdivision of this state is a beneficiary, shall bear\n\ninterest during the term of judgment at a rate prescribed pursuant\n\nto this section, but not to exceed ten percent (10%), from the date\n\nof rendition. No judgment against this state or its political\n\nsubdivisions, including counties, municipalities, school districts,\n\nand public trusts of which this state or a political subdivision of\n\nthis state is a beneficiary, inclusive of postjudgment interest,\n\nshall exceed the total amount of liability of the governmental\n\nentity pursuant to The Governmental Tort Claims Act.\n\nC. The postjudgment interest authorized by subsection A or\n\nsubsection B of this section shall accrue from the earlier of the\n\ndate the judgment is rendered as expressly stated in the judgment,\n\nor the date the judgment is filed with the court clerk, and shall\n\ninitially accrue at the rate in effect for the calendar year during\n\nwhich the judgment is rendered until the end of the calendar year in\n\nwhich the judgment was rendered, or until the judgment is paid,\n\nwhichever first occurs. Beginning on the first day of January of\n\nthe next succeeding calendar year until the end of that calendar\n\nyear, or until the judgment is paid, whichever first occurs, the\n\njudgment, together with postjudgment interest previously accrued,\n\nshall bear interest at the rate in effect for judgments rendered\n\nduring that calendar year as certified by the Administrative\n\nDirector of the Courts pursuant to subsection I of this section.\n\nFor each succeeding calendar year, or part of a calendar year,\n\nduring which a judgment remains unpaid, the judgment, together with\n\npostjudgment interest previously accrued, shall bear interest at the\n\nrate in effect for judgments rendered during that calendar year as\n\ncertified by the Administrative Director of the Courts pursuant to\n\nsubsection I of this section. A separate computation using the\n\ninterest rate in effect for judgments as provided by subsection I of\n\nthis section shall be made for each calendar year, or part of a\n\ncalendar year, during which the judgment remains unpaid in order to\n\ndetermine the total amount of interest for which the judgment debtor\n\nis liable. The postjudgment interest rate for each calendar year or\n\npart of a calendar year a judgment remains unpaid shall be\n\nmultiplied by the original amount of the judgment, including any\n\nprejudgment interest, together with postjudgment interest previously\n\naccrued. Interest shall accrue on a judgment in the manner\n\nprescribed by this subsection until the judgment is satisfied or\n\nreleased.\n\nD. If a rate of interest is specified in a contract, the rate\n\nspecified shall apply and be stated in the journal entry of\n\njudgment. The rate of interest shall not exceed the lawful rate for\n\nthat obligation. Postjudgment interest shall be calculated and\n\naccrued in the same manner as prescribed in subsection C of this\n\nsection.\n\nPREJUDGMENT INTEREST\n\nE. Except as provided by subsection F of this section, if a\nf interest is specified in a contract, the rate\n\nspecified shall apply and be stated in the journal entry of\n\njudgment. The rate of interest shall not exceed the lawful rate for\n\nthat obligation. Postjudgment interest shall be calculated and\n\naccrued in the same manner as prescribed in subsection C of this\n\nsection.\n\nPREJUDGMENT INTEREST\n\nE. Except as provided by subsection F of this section, if a\n\nverdict for damages by reason of personal injuries or injury to\n\npersonal rights including, but not limited to, injury resulting from\n\nbodily restraint, personal insult, defamation, invasion of privacy,\n\ninjury to personal relations, or detriment due to an act or omission\n\nof another is accepted by the trial court, the court in rendering\n\njudgment shall add interest on the verdict at a rate prescribed\n\npursuant to subsection I of this section from the date the suit\n\nresulting in the judgment was commenced to the earlier of the date\n\nthe verdict is accepted by the trial court as expressly stated in\n\nthe judgment, or the date the judgment is filed with the court\n\nclerk. The interest rate for computation of prejudgment interest\n\nshall begin with the rate prescribed by subsection I of this section\n\nwhich is in effect for the calendar year in which the suit resulting\n\nin the judgment is commenced. This rate shall be in effect until\n\nthe end of the calendar year in which the suit resulting in judgment\n\nwas filed or until the date judgment is filed, whichever first\n\noccurs. Beginning on the first day of January of the next\n\nsucceeding calendar year until the end of that calendar year, or\n\nuntil the date the judgment is filed, whichever first occurs, and\n\nfor each succeeding calendar year thereafter, the prejudgment\n\ninterest rate shall be the rate in effect for judgments rendered\n\nduring each calendar year as certified by the Administrative\n\nDirector of the Courts pursuant to subsection I of this section.\n\nAfter the computation of all prejudgment interest has been\n\ncompleted, the total amount of prejudgment interest shall be added\n\nto the amount of the judgment rendered pursuant to the trial of the\n\naction, and the total amount of the resulting judgment shall become\n\nthe amount upon which postjudgment interest is computed pursuant to\n\nsubsection A of this section.\n\nF. If a verdict of the type described by subsection E of this\n\nsection is rendered against this state or its political\n\nsubdivisions, including counties, municipalities, school districts,\n\nand public trusts of which this state or a political subdivision of\n\nthis state is a beneficiary, the judgment shall bear interest at the\n\nrate prescribed pursuant to subsection I of this section, but not to\n\nexceed ten percent (10%) from the date the suit was commenced to the\n\nearlier of the date the verdict is accepted by the trial court as\n\nexpressly stated in the judgment or the date the judgment is filed\n\nwith the court clerk. The interest rate for computation of\n\nprejudgment interest shall begin with the rate prescribed by\n\nsubsection I of this section which is in effect for the calendar\n\nyear in which the suit resulting in the judgment is commenced. This\n\nrate shall be in effect until the end of the calendar year in which\n\nthe suit resulting in judgment was filed or until the date the\n\njudgment is rendered as expressly stated in the judgment, whichever\n\nfirst occurs. Beginning on the first day of January of the next\n\nsucceeding calendar year until the end of that calendar year, or\n\nuntil the date judgment is rendered, whichever first occurs, and for\n\neach succeeding calendar year thereafter, the prejudgment interest\n\nrate shall be the rate in effect for judgments rendered during each\n\ncalendar year as certified by the Administrative Director of the\n\nCourts pursuant to subsection I of this section. After the\n\ncomputation of prejudgment interest has been completed, the amount\nuntil the date judgment is rendered, whichever first occurs, and for\n\neach succeeding calendar year thereafter, the prejudgment interest\n\nrate shall be the rate in effect for judgments rendered during each\n\ncalendar year as certified by the Administrative Director of the\n\nCourts pursuant to subsection I of this section. After the\n\ncomputation of prejudgment interest has been completed, the amount\n\nshall be added to the amount of the judgment rendered pursuant to\n\nthe trial of the action, and the total amount of the resulting\n\njudgment shall become the amount upon which postjudgment interest is\n\ncomputed pursuant to subsection B of this section. No award of\n\nprejudgment interest against this state or its political\n\nsubdivisions, including counties, municipalities, school districts,\n\nand public trusts of which this state or a political subdivision of\n\nthis state is a beneficiary, including the amount of the judgment\n\nawarded pursuant to trial of the action, shall exceed the total\n\namount of liability of the governmental entity pursuant to The\n\nGovernmental Tort Claims Act.\n\nG. If exemplary or punitive damages are awarded in an action\n\nfor personal injury or injury to personal rights including, but not\n\nlimited to, injury resulting from bodily restraint, personal insult,\n\ndefamation, invasion of privacy, injury to personal relations, or\n\ndetriment due to an act or omission of another, the interest on\n\nthat award shall begin to accrue from the earlier of the date the\n\njudgment is rendered as expressly stated in the judgment, or the\n\ndate the judgment is filed with the court clerk.\n\nH. If a judgment is rendered establishing the existence of a\n\nlien against property and no rate of interest exists, the court\n\nshall allow prejudgment interest at a rate prescribed pursuant to\n\nsubsection I of this section from the date the lien is filed to the\n\ndate of verdict.\n\nI. For purposes of computing either postjudgment interest or\n\nprejudgment interest as authorized by this section, interest shall\n\nbe determined using a rate equal to the average United States\n\nTreasury Bill rate of the preceding calendar year as certified to\n\nthe Administrative Director of the Courts by the State Treasurer on\n\nthe first regular business day in January of each year, plus four\n\npercentage points.\n\nJ. For purposes of computing postjudgment interest, the\n\nprovisions of this section, including the amendments prescribed by\n\nChapter 320, O.S.L. 1997, shall be applicable to all judgments of\n\nthe district courts rendered on or after January 1, 2000 but before\n\nJanuary 1, 2005. Until January 1, 2005, the method for computing\n\npostjudgment interest prescribed by this section shall be applicable\n\nto all judgments remaining unpaid rendered prior to January 1, 2000.\n\nK. For purposes of computing prejudgment interest, the\n\nprovisions of this section, including the amendments prescribed by\n\nChapter 320, O.S.L. 1997, shall be applicable to all actions which\n\nare filed in the district courts on or after January 1, 2000, but\n\nbefore January 1, 2005, for which an award of prejudgment interest\n\nis authorized by the provisions of this section.","path":["OK Code","Title 12"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os12.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"39e12c595f14fbcb1fd4b705e99bfc7df098097ba47e5ed522f8e96ff0aafb83","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-12-12-726","next":"us-ok/okla.-stat.-tit.-12-12-727.1"},"notice":"GroundRules: Original legal text. Not legal advice."}