Section 11-107 - Interest on judgments generally; interest on money judgment for rent; interest on money judgment for delinquent property taxes. - Maryland Statutes

§ 11-107. Interest on judgments generally; interest on money judgment for rent; interest on money judgment for delinquent property taxes.
 

(a)  Legal rate of interest on judgments.- Except as provided in § 11-106 of this subtitle, the legal rate of interest on a judgment shall be at the rate of 10 percent per annum on the amount of judgment. 

(b)  Rate of interest for judgments for rent of residential premises.- The legal rate of interest on a money judgment for rent of residential premises shall be at the rate of 6 percent per annum on the amount of the judgment. 

(c)  Rate of interest for judgments for delinquent real or personal property taxes.- The legal rate of interest on a money judgment for delinquent real or personal property taxes shall be the greater of: 

(1) The sum of the rates fixed under §§ 14-603 and 14-702 of the Tax - Property Article for interest and penalties; or 

(2) At the rate of 10 percent per annum. 
 

[1980, ch. 798; 1985, ch. 521, §§ 1, 2; 1986, ch. 852; 2006, ch. 44, § 6.]