What is statutory interest on outstanding balance of a judgment lien based on – how is it derived at? Thank you very much.KMSmall

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What is statutory interest on outstanding balance of a judgment lien based on – how is it derived at? Thank you very much.KMSmall

Asked on June 28, 2009 under Real Estate Law, California

Answers:

M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney

Answered 14 years ago | Contributor

Here's the statute governing interest on a money judgement:  http://www.leginfo.ca.gov/cgi-bin/displaycode?section=ccp&group=00001-01000&file=685.010-685.110

Here's a site that is a little more user friendly in determining the how interest is computed:  http://www.courtinfo.ca.gov/selfhelp/smallclaims/collectintro.htm#computeinterest


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