South Carolina Motion for Interest on an Affirmed Judgment of a Federal District Court

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Multi-State
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US-03268BG
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Description

28 U.S.C.A. § 1961 provides in part that interest shall be allowed on any money judgment in a civil case recovered in a district court. Such interest would continue to accrue throughout an appeal that was later affirmed.

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FAQ

(A) It is unlawful for a person convicted of a felony to possess a firearm in this State. (B) A person who violates this section is guilty of a felony and, upon conviction of a first offense must be imprisoned not more than five years.

14, 2023, the legal rate of interest for money decrees and judgments will remain 7.25%, compounded annually. It's the first time in years that the state's legal rate hasn't dropped. In 2020 the rate was 8.75%, down from 9.5% in 2019.

Therefore, for the period January 15, 2023, through January 14, 2024, the legal rate of interest for money decrees and judgments is 11.50% compounded annually.

SECTION 34-31-20. Legal rate of interest. (A) In all cases of accounts stated and in all cases wherein any sum or sums of money shall be ascertained and, being due, shall draw interest ing to law, the legal interest shall be at the rate of eight and three-fourths percent per annum.

Therefore, for the period January 15, 2023, through January 14, 2024, the legal rate of interest for money decrees and judgments is 11.50% compounded annually.

Interest Rates Laws in South Carolina Code SectionSouth Carolina Code of Laws 34-31-20: Legal Rate of InterestLegal Maximum Rate of Interest8.75% (§34-31-20)Penalty for Usury (Unlawful Interest Rate)Usury penalty laws repealed June 25, 1982, but old law may apply to transactions before then (formerly §34-31-50)2 more rows

There were no new marijuana laws passed in South Carolina in 2023. However, there are early efforts to push through a medical cannabis program in the state. For example, the Senate passed the South Carolina Compassionate Care Act and referred it to the House of Representatives for deliberation and approval.

When a party brings a claim originally in a federal district court, then either party can appeal the outcome of the trial to a federal circuit court, and, after the circuit court rules, either party can appeal to the US Supreme Court, although the Supreme Court has discretion on whether to hear it (more on that below).

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South Carolina Motion for Interest on an Affirmed Judgment of a Federal District Court