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 Mississippi

In Mississippi, reverse interest is governed by Miss. Code Ann. § 75-17-7 and § 75-17-1, which set the legal rate at 8%. This rate applies when a judgment or decree orders the repayment of previously collected funds, typically after a successful appeal or reversal. The statute establishes the interest that must be paid on the amount returned to the judgment debtor. The calculation follows a simple formula based on the principal sum and the time it was held. The official source linked above provides the exact statutory text and any applicable exceptions. Because the specific computation depends on the dates and amounts involved, the DocketMath calculator can estimate the reverse interest due on any given Mississippi judgment.

Governing authority

In Mississippi, the reverse interest rule is set by Miss. Code Ann. § 75-17-7, § 75-17-1. The verified packet cites Miss. Code Ann. § 75-17-7, § 75-17-1 (https://billstatus.ls.state.ms.us/documents/2024/pdf/MSCode/Title%2075/Chapter%2017.pdf).

Mississippi reverse interest: the verified value is 8% under Miss. Code Ann. § 75-17-7, § 75-17-1. The verified packet cites Miss. Code Ann. § 75-17-7, § 75-17-1 (https://billstatus.ls.state.ms.us/documents/2024/pdf/MSCode/Title%2075/Chapter%2017.pdf).

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.