Tennessee Cost of Delay: What Waiting on a Judgment Really Costs
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Tennessee cost-of-delay: interest rate is 10; rate type is variable.
Calculate cost of delayAuthority and key facts
Citation: Tenn. Code Ann. § 47-14-121
View the primary source- Interest Rate: 10
- Rate Type: variable
- Max Contract Rate: 16
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.
Tennessee Cost of Delay: What Waiting on a Judgment Really Costs
In Tennessee, the statutory prejudgment interest rate for cost of delay is 10 percent per year under Tenn. Code Ann. § 47-14-121. This rule applies when a court awards prejudgment interest on a monetary judgment, calculated from the date the cause of action accrued or from an earlier date if equity requires. The statute sets out factors and exceptions that govern when and how the interest accrues. The official source at Justia provides the exact statutory language. A worked example below demonstrates how the 10 percent rate is applied over a given period. To estimate a specific result for a particular case, use the DocketMath calculator.
Governing authority
In Tennessee, the cost of delay rule is set by Tenn. Code Ann. § 47-14-121. The verified packet cites Tenn. Code Ann. § 47-14-121 (https://law.justia.com/codes/tennessee/2023/title-47/chapter-14/section-47-14-122/).
Tennessee cost of delay: the verified value is 10% under Tenn. Code Ann. § 47-14-121. The verified packet cites Tenn. Code Ann. § 47-14-121 (https://law.justia.com/codes/tennessee/2023/title-47/chapter-14/section-47-14-122/).
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.
Run the numbers for your matter against the verified rule for this jurisdiction.
Calculate cost of delay