Massachusetts H1795 amends prejudgment interest rates to be calculated based on a weekly average one-year constant maturity treasury yield.
Massachusetts H1795 changes the calculation of prejudgment interest rates in civil cases. Instead of a fixed twelve percent per annum, the interest rate will now be calculated based on a weekly average one-year constant maturity treasury yield, as published by the Board of Governors of the Federal Reserve System, for the calendar week preceding the date of the judgment. This change affects all civil cases where prejudgment interest is applicable.
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