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 Vermont

Under Vermont law, the statutory rate for prejudgment interest is 12% per annum, as set by 12 V.S.A. § 2903 and 9 V.S.A. § 41a. This rate applies to civil judgments and awards, running from the date the cause of action accrues or from the date of breach, depending on the claim. The interest is simple, not compound, and accrues on the principal amount of the award. The official statute at the Vermont Legislature website lists any exceptions or conditions that may apply. The worked example below illustrates how the 12% rate is applied over time. To estimate the interest on a specific claim, use the DocketMath calculator with your case details.

Governing authority

In Vermont, the reverse interest rule is set by 12 V.S.A. § 2903; 9 V.S.A. § 41a. The verified packet cites 12 V.S.A. § 2903; 9 V.S.A. § 41a (https://legislature.vermont.gov/statutes/section/12/113/02903).

Vermont reverse interest: the verified value is 12% under 12 V.S.A. § 2903; 9 V.S.A. § 41a. The verified packet cites 12 V.S.A. § 2903; 9 V.S.A. § 41a (https://legislature.vermont.gov/statutes/section/12/113/02903).

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.