Judgment Interest Calculator Guide for Nevada

US-NV interest rules

This source-backed guide covers Nevada judgment, default transaction, and contract-rate interest rules. It certifies only the quoted source-backed rules below; related interest categories remain outside this page unless they are expressly listed in the receipt.

Judgment interest

Nevada judgment interest uses the prime rate at the largest Nevada bank on the January 1 or July 1 immediately before judgment, plus 2 percent, and adjusts each January 1 and July 1 until satisfaction unless a different rate is provided by contract, law, or the judgment.

NRS 17.130. When no rate of interest is provided by contract or otherwise by law, or specified in the judgment, the judgment draws interest from the time of service of the summons and complaint until satisfied, except for any amount representing future damages, which draws interest only from the time of the entry of the judgment until satisfied, at a rate equal to the prime rate at the largest bank in Nevada as ascertained by the Commissioner of Financial Institutions on January 1 or July 1, as the case may be, immediately preceding the date of judgment, plus 2 percent. The rate must be adjusted accordingly on each January 1 and July 1 thereafter until the judgment is satisfied.

Default transaction interest

For listed transactions without an express written contract rate, Nevada default interest is the prime rate at the largest Nevada bank on the January 1 or July 1 immediately before the transaction, plus 2 percent.

NRS 99.040. When there is no express contract in writing fixing a different rate of interest, interest must be allowed at a rate equal to the prime rate at the largest bank in Nevada, as ascertained by the Commissioner of Financial Institutions, on January 1 or July 1, as the case may be, immediately preceding the date of the transaction, plus 2 percent, upon all money from the time it becomes due, in the following cases:

Covered default-interest categories

Covered categories include express or implied contracts other than book accounts and settled book or store accounts from the day the balance is ascertained.

NRS 99.040(1)(a)-(b). (a) Upon contracts, express or implied, other than book accounts. (b) Upon the settlement of book or store accounts from the day on which the balance is ascertained.

Contract rate agreements

Nevada generally allows contract parties to agree in writing to an interest rate and compounding terms, subject to subsection 2.

NRS 99.050. Except as otherwise provided in subsection 2, parties may agree for the payment of any rate of interest on money due or to become due on any contract, for the compounding of interest if they choose, and for any other charges or fees. The parties shall specify in writing the rate upon which they agree, that interest is to be compounded if so agreed, and any other charges or fees to which they have agreed.

Not certified by this page

• This receipt does not certify Nevada criminal or civil limitation periods, federal ERISA interest, federal postjudgment interest, escrow interest, residential security-deposit interest, tax interest, wage-penalty interest, current prime-rate notices outside the quoted statutory formula, or case-law exceptions outside the quoted sources.

Use the calculator

DocketMath's interest calculator can model interest scenarios once you identify the controlling jurisdiction, amount, rate type, and accrual date. Use the source panel for the verified source-backed rule.

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Sources

• NRS 17.130 — Computation of amount of judgment; interest
• NRS 99.040 — Interest rate when not fixed by express contract for certain types of transactions
• NRS 99.040(1)(a)-(b) — Covered default-interest transaction categories
• NRS 99.050 — Parties may agree to any rate of interest

All sources are official primary law published by www.leg.state.nv.us.

Corroboration method: government_primary_source_direct_fetch.