Interest is allowed on most judgments entered in the federal courts from the date of judgment until paid. The types of judgments generally fall under one of three statutes:
- 28 U.S.C. 1961, which governs civil and bankruptcy adversary judgment interest;
- 18 U.S.C. 3612 (f)(2), which governs criminal judgments or sentences; and
- 40 U.S.C. 3116, which governs deficiency judgments in condemnation proceedings.
The current rate applicable under these sections is provided by the Federal Reserve and published each Monday for the preceding week (unless that day is a holiday in which case the rate is published on the next business day).
For more information on Post Judgment Interest Rates, please visit US Courts website.