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 North Carolina

In North Carolina, post-judgment interest on a civil judgment accrues at the rate of 8% per year, as set by N.C. Gen. Stat. § 24-1. This statute governs the interest rate applied to a money judgment from the date it is entered until fully satisfied. The rate is fixed by law and does not fluctuate based on market conditions or other variables. The statute also addresses how the interest is calculated and may include provisions for different types of obligations. For the precise formula and any applicable exceptions, the official source provides the complete text. A worked example below demonstrates how the 8% rate applies over time. To estimate interest on a specific judgment, use the DocketMath calculator.

Governing authority

In North Carolina, the impact rule is set by N.C. Gen. Stat. § 24-1. The verified packet cites N.C. Gen. Stat. § 24-1 (https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/GeneralStatutes/Chapter_24/GS_24-1.html).

North Carolina impact: the verified value is 8% under N.C. Gen. Stat. § 24-1. The verified packet cites N.C. Gen. Stat. § 24-1 (https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/GeneralStatutes/Chapter_24/GS_24-1.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.