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 Pennsylvania

In Pennsylvania, the statutory interest rate on a money judgment is set at six percent per annum under 42 Pa. C.S. § 8101. This rate applies automatically to all judgments for the payment of money, beginning from the date the judgment is entered. The rule does not require a party to request the interest or prove a separate agreement; the statute fixes the rate by law. The official source provides the exact statutory language, including any exceptions or adjustments the legislature may have prescribed. A worked example below illustrates how the six percent rate is applied to a judgment amount over time. To estimate the interest that has accrued on a specific judgment, use the DocketMath calculator.

Governing authority

In Pennsylvania, the impact rule is set by 42 Pa. C.S. § 8101. The verified packet cites 42 Pa. C.S. § 8101 (https://www.legis.state.pa.us/WU01/LI/LI/CT/HTM/42/00.081.html).

Pennsylvania impact: the verified value is 6% under 42 Pa. C.S. § 8101. The verified packet cites 42 Pa. C.S. § 8101 (https://www.legis.state.pa.us/WU01/LI/LI/CT/HTM/42/00.081.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.