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 New York

Under New York law, the statutory prejudgment interest rate is 9% per year, as set by N.Y. CPLR § 5004. This rate applies to most civil judgments and awards of damages, running from the date the claim accrued or a later date determined by the court. The rule is straightforward: once a judgment is entered, interest accrues at this fixed annual rate on the principal sum. The calculation is a simple matter of multiplying the principal by the rate and the time period, but the exact method depends on the specific accrual date and any applicable exceptions detailed in the statute. The calculator below can estimate the interest owed using the official rate from the New York State Senate source. For your own situation, use the DocketMath tool to compute the precise amount.

Governing authority

In New York, the impact rule is set by N.Y. CPLR § 5004. The verified packet cites N.Y. CPLR § 5004 (https://www.nysenate.gov/legislation/laws/CPL/5004).

New York impact: the verified value is 9% under N.Y. CPLR § 5004. The verified packet cites N.Y. CPLR § 5004 (https://www.nysenate.gov/legislation/laws/CPL/5004).

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.