Md. Code Ann., Cts. & Jud. Proc. § 11-107
Rate of interest on judgments
Effective Apr 8, 2006Added by Acts 1980, c. 798. Amended by Acts 1985, c. 521, §§ 1, 2; Acts 1986, c. 852; Acts 2006, c. 44, § 6, eff. April 8, 2006.State of Maryland
- (a) Except as provided in § 11-106 of this subtitle, the legal rate of interest on a judgment shall be at the rate of 10 percent per annum on the amount of judgment.
- (b) The legal rate of interest on a money judgment for rent of residential premises shall be at the rate of 6 percent per annum on the amount of the judgment.
(c) The legal rate of interest on a money judgment for delinquent real or personal property taxes shall be the greater of:
- (1) The sum of the rates fixed under §§ 14-603 and 14-702 of the Tax-Property Article for interest and penalties; or
- (2) At the rate of 10 percent per annum.
Added by Acts 1980, c. 798. Amended by Acts 1985, c. 521, §§ 1, 2; Acts 1986, c. 852; Acts 2006, c. 44, § 6, eff. April 8, 2006.