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 Hawaii

In Hawaii, reverse interest is governed by Haw. Rev. Stat. § 478-3 and is set at a fixed rate of 10% per year. This statute applies when a judgment or court order requires payment of interest on a monetary award, but the interest runs in favor of the debtor rather than the creditor, typically when the debtor has overpaid or when the judgment is later reversed or modified. The 10% rate is simple interest, not compounded, and it accrues from the date the overpayment was made or from the date specified in the court order. The statute does not set out additional factors or exceptions beyond this fixed rate; the official source contains the exact statutory language. The example below illustrates how this rate applies in a specific scenario. Use the calculator to estimate a potential reverse interest amount.

Governing authority

In Hawaii, the reverse interest rule is set by Haw. Rev. Stat. § 478-3. The verified packet cites Haw. Rev. Stat. § 478-3 (https://www.capitol.hawaii.gov/hrscurrent/vol11_ch0476-0490/hrs0478/hrs_0478-0003.htm).

Hawaii reverse interest: the verified value is 10% under Haw. Rev. Stat. § 478-3. The verified packet cites Haw. Rev. Stat. § 478-3 (https://www.capitol.hawaii.gov/hrscurrent/vol11_ch0476-0490/hrs0478/hrs_0478-0003.htm).

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.