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.

Impact in Arkansas

Arkansas law sets the post-judgment interest rate at 6% per year, as specified by Ark. Code Ann. § 16-65-114. This fixed rate applies to all money judgments entered by Arkansas courts, running from the date of the judgment until it is paid in full. The statute does not provide for a variable or floating rate; the 6% figure is statutorily prescribed and does not change with market conditions. The rate is applied to the total judgment amount, including any awarded costs and fees, but the exact computation depends on the principal balance and the time elapsed. The worked example below illustrates how this rate is applied in practice. To estimate the interest on a specific judgment, use the calculator on this page.

Governing authority

In Arkansas, the impact rule is set by Ark. Code Ann. § 16-65-114. The verified packet cites Ark. Code Ann. § 16-65-114 (https://law.justia.com/codes/arkansas/2020/title-16/subtitle-2/chapter-65/subchapter-1/section-16-65-114/).

Arkansas impact: the verified value is 6% under Ark. Code Ann. § 16-65-114. The verified packet cites Ark. Code Ann. § 16-65-114 (https://law.justia.com/codes/arkansas/2020/title-16/subtitle-2/chapter-65/subchapter-1/section-16-65-114/).

Estimate your own result: every situation has exceptions that can change the outcome. Use the impact 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.