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 Colorado

Colorado law sets the statutory rate for prejudgment interest on a money judgment at 8% per annum, as specified in C.R.S. § 5-12-102. This rate applies to claims that are not otherwise governed by a contract or specific statute. Interest accrues from the date the action accrued, which is typically when the loss or injury occurred, until the date judgment is entered. The statute does not compound interest; it calculates simple interest on the principal amount. The official source contains the complete statutory language, including any applicable exceptions. The worked example below demonstrates how the 8% rate factors into a typical calculation. To estimate interest on a specific claim, the calculator can compute the amount based on the user’s own dates and principal.

Governing authority

In Colorado, the impact rule is set by C.R.S. § 5-12-102. The verified packet cites C.R.S. § 5-12-102 (https://unicourt.github.io/cic-code-co/transforms/co/occo/r71/gov.co.crs.title.05.html).

Colorado impact: the verified value is 8% under C.R.S. § 5-12-102. The verified packet cites C.R.S. § 5-12-102 (https://unicourt.github.io/cic-code-co/transforms/co/occo/r71/gov.co.crs.title.05.html).

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.