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.

Reverse Interest in Connecticut

In Connecticut, reverse interest on judgments is governed by Conn. Gen. Stat. § 37-3a(a), which sets the statutory rate at 10% per annum. This rule applies when a judgment debtor pays the principal amount after a judgment has been entered, but the court may later order the debtor to pay interest on that principal for the period between the judgment date and the actual payment date. The statute does not prescribe a single formula for calculating reverse interest; instead, it provides factors and exceptions that the court considers. The official source linked above contains the exact statutory language. The worked example below illustrates how the calculator applies the 10% rate, and the calculator can estimate reverse interest for a specific case.

Governing authority

In Connecticut, the reverse interest rule is set by Conn. Gen. Stat. § 37-3a(a). The verified packet cites Conn. Gen. Stat. § 37-3a(a) (https://www.cga.ct.gov/current/pub/chap_673.htm#sec_37-3a).

Connecticut reverse interest: the verified value is 10% under Conn. Gen. Stat. § 37-3a(a). The verified packet cites Conn. Gen. Stat. § 37-3a(a) (https://www.cga.ct.gov/current/pub/chap_673.htm#sec_37-3a).

Estimate your own result: every situation has exceptions that can change the outcome. Use the reverse interest 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.