Applestein v. Simons

We find error in the trial court holding that the interest rate on a judgment increased at various times in accordance with statutory increases enacted by the Legisla*442ture. Judgment was entered on the 19th day of September, 1979, and at that time interest accrued at the rate of 8% per an-num on judgments rendered in circuit court.1 The interest rate on judgments was increased to 10%, effective October 1, 1980.2 The interest rate on judgments was again increased to 12%, effective October 1, 1981.3

Generally the interest rate would change on an unsatisfied final judgment as the statute…