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 Connecticut

Under Connecticut law, the statutory rate for prejudgment interest under Conn. Gen. Stat. § 37-3a is 10% per year. This rate applies to money owed as damages, once the amount becomes liquidated or capable of being calculated. The statute provides that interest runs from the date the right to recover the amount accrues, though the law sets out exceptions and factors a court may consider in applying the rate. A step-by-step worked example below shows how the 10% annual rate is applied to a fixed sum over a given period. Use the calculator to estimate the interest amount for your own case, and consult the official source at the link above for the full statutory language.

Governing authority

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

Connecticut impact: the verified value is 10% under Conn. Gen. Stat. § 37-3a. The verified packet cites Conn. Gen. Stat. § 37-3a (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 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.