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 Kentucky

In Kentucky, the judgment rate for pre-judgment interest on a written contract is set by statute at the rate specified in the contract, or if none is specified, at 6% per year under Ky. Rev. Stat. § 360.040(1). This statute governs the interest that accrues on a money judgment from the date the judgment is entered, and it also applies to pre-judgment interest when a contract does not state a rate. The 6% figure is the default legal rate. The official source, linked below, contains the full text of the rule, including any specific exceptions or conditions that may apply. A worked example demonstrating how this rate is applied in a typical calculation is provided below the prose. To estimate interest for a specific case, use the DocketMath calculator.

Governing authority

In Kentucky, the reverse interest rule is set by Ky. Rev. Stat. § 360.040(1). The verified packet cites Ky. Rev. Stat. § 360.040(1) (https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=45719).

Kentucky reverse interest: the verified value is 6% under Ky. Rev. Stat. § 360.040(1). The verified packet cites Ky. Rev. Stat. § 360.040(1) (https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=45719).

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.