UCA 15-1-4 Interest on judgment states:
“(1) As used in this section, "federal postjudgment interest rate" means the interest rate established for the federal court system under 28 U.S.C. Sec. 1961, as amended.
(2) (a) Except as provided in Subsection (2)(b), a judgment rendered on a lawful contract shall conform to the contract and shall bear the interest agreed upon by the parties, which shall be specified in the judgment.
(b) A judgment rendered on a deferred deposit loan subject to Title 7, Chapter 23, Check Cashing and Deferred Deposit Lending Registration Act, shall bear interest at the rate imposed under Subsection (3) on an amount not exceeding the sum of:
(i) the total of the principal balance of the deferred deposit loan;
(ii) interest at the rate imposed by the deferred deposit loan agreement for a period not exceeding 10 weeks as provided in Subsection 7-23-401(4);
(iv) attorney fees; and
(v) other amounts allowed by law and ordered by the court.
(3) (a) Except as otherwise provided by law, other civil and criminal judgments of the district court and justice court shall bear interest at the federal postjudgment interest rate as of January 1 of each year, plus 2%.
(b) The postjudgment interest rate in effect at the time of the judgment shall remain the interest rate for the duration of the judgment.
(c) The interest on criminal judgments shall be calculated on the total amount of the judgment.
(d) Interest paid on state revenue shall be deposited in accordance with Section 63A-8-301.
(e) Interest paid on revenue to a county or municipality shall be paid to the general fund of the county or municipality.”
Although by law interest may accrue on a child support debt,
and the obligation to pay interest is included in some child support orders and
judgments taken by the Office of Recovery Services\Child Support Services (ORS\
Interest owed on criminal cases is calculated on the “Criminal Interest Calculation Worksheet.” Only assigned local office Quality Assurance (QA) specialists who refer criminal non-support cases may complete this worksheet.
The interest amount has been reduced to a specific
lump-sum amount in a judicial order or judgment. Since
A Non-IV-A case is referred by
3. On an incoming interstate case, the IV-D agency in the initiating state has calculated and provided to ORS a specific interest amount. If the initiating state provide2 ORS with a legitimate interest calculations and updates to support the interest being enforced, adjust the case accounting records accordingly.
The initiating state is responsible
to provide annual notice or notice upon request of interest amounts charged on
all cases being enforced by another state, if the order was issued by that
4. On an outgoing interstate case, ORS will not add interest to the debt(s), unless the interest amount has been adjudicated. If the responding state notifies ORS that interest has been adjudicated, add the amount to the case debt(s).
5. A case is referred for criminal prosecution and the court issues a restitution order for child support and interest. The assigned regional/local QA will load the restitution order on ORSIS based on the amounts reflected on the “Criminal Interest Calculation Worksheet.” The restitution order will replace the existing child support debts.
To satisfy a judicial judgment, ask the AGO to prepare a Judicial Satisfaction order which will contain the interest waiver language. The CP must sign the interest waiver portion of the satisfaction before it is filed. Before referring the case to the AGO to request a satisfaction, obtain the CP’s authorization to waive the interest. If the CP does not agree to waive the interest, the CP will need to collect the interest on his/her own, and the judgment cannot be satisfied until the CP gives his/her authorization
Initiating State Responsibility
Pursuant to 45