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 Maine

In Maine, the statutory interest rate on civil judgments is set at 6% per year under 14 M.R.S. § 1602. This rate applies to the principal amount of the judgment from the date it is entered until it is fully satisfied. The statute defines this rate as the sole figure for post-judgment interest, and it does not fluctuate with market conditions. The official source provides the full text of the law, including any applicable factors or exceptions that may affect calculation. A worked example below demonstrates how this fixed rate is applied over time. To estimate interest on a specific judgment amount, use the DocketMath calculator.

Governing authority

In Maine, the impact rule is set by 14 M.R.S. § 1602. The verified packet cites 14 M.R.S. § 1602 (https://legislature.maine.gov/statutes/14/title14sec1602.html).

Maine impact: the verified value is 6% under 14 M.R.S. § 1602. The verified packet cites 14 M.R.S. § 1602 (https://legislature.maine.gov/statutes/14/title14sec1602.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.