This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.

Cost Of Delay in Connecticut

Connecticut’s statutory interest on money judgments is 10% per year under Conn. Gen. Stat. § 37-3a(a). This rate applies to the amount of the judgment from the date it is entered until it is paid. The statute does not specify a separate formula for pre-judgment interest, but it sets out the governing rule, which the official source details at the link above. The worked example below demonstrates how the 10% rate is applied to a judgment over time. To see how this rule affects a specific case, use the DocketMath calculator to estimate the total interest.

Governing authority

In Connecticut, the cost of delay rule is set by Conn. Gen. Stat. § 37-3a(a). The verified packet cites Conn. Gen. Stat. § 37-3a(a) (https://www.cga.ct.gov/current/pub/chap_673.htm#sec_37-3a).

Connecticut cost of delay: the verified value is 10% under Conn. Gen. Stat. § 37-3a(a). The verified packet cites Conn. Gen. Stat. § 37-3a(a) (https://www.cga.ct.gov/current/pub/chap_673.htm#sec_37-3a).

Estimate your own result: every situation has exceptions that can change the outcome. Use the cost of delay calculator to estimate your specific figure.

This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.