When does interest start accumulating on a personal injury judgment in Nevada?

Under NRS 17.130(2), interest begins accumulating from the date the defendant was served with the summons and complaint. The one exception is for future damages, where interest does not start until the judge formally enters the judgment.

How often does the interest rate change in Nevada?

Under NRS 17.130(2), the interest rate is reviewed and adjusted twice a year, on January 1st and July 1st. The rate is based on the prime rate at the largest bank in Nevada, as determined by the Commissioner of Financial Institutions, plus an additional 2 percent. Those adjustments continue until the judgment is paid in full.

How does NRS 17.130 affect settlement negotiations in Nevada personal injury cases?

NRS 17.130 does not directly address settlement negotiations. The statute establishes how interest is calculated on a court judgment. Any connection between the statute and settlement decisions would be a practical consideration outside the scope of what the law itself states.

Can the court deviate from the interest rate specified in NRS 17.130?

Yes. NRS 17.130(2) states that its interest rate applies only when no other rate has been set by contract, by another law, or specified within the judgment itself. The rate established under NRS 17.130 is the default rate, meaning a contract or separate legal provision can override it.

What is the current NRS 17.130 judgment interest rate in Nevada?

As of January 1, 2025, the prime rate at Nevada's largest bank was 7.50 percent. Under NRS 17.130(2), courts add 2 percent to that figure, making the applicable judgment interest rate 9.50 percent for judgments entered or rate periods beginning on or after that date. The rate is reviewed again on July 1, 2025, and adjusts every six months thereafter based on any movement in the prime rate. If you are calculating interest on an existing judgment, the rate that applied at each semi-annual period must be applied to the corresponding time segment — not a single blended rate for the entire life of the judgment.

2024 December

Illustrated graphic of the Nevada State Legislature building with the Senate wing and Nevada state flag, featuring a yellow banner headline that reads NRS 17.130 Computation of Amount of Judgment Interest.

NRS 17.130 Computation of amount of judgment; interest.

Nevada Revised Statutes

Dec 26 2024

Statutory Text 1. In all judgments and decrees, rendered by any court of justice, for any debt, damages or costs, and in all executions issued thereon, the amount must be computed, as near as may be, in dollars and cents, rejecting [...]

NRS 42.021 Actions based on professional negligence of providers of health care: Introduction of certain evidence relating to collateral benefits; restrictions on source of collateral benefits; payment of future damages by periodic payments.

Nevada Revised Statutes

Dec 26 2024

Statutory Text 1. In an action for injury or death against a provider of health care based upon professional negligence, if the defendant so elects, the defendant may introduce evidence of any amount payable as a benefit to the plaintiff as [...]

NRS 41.130 Liability for personal injury.

Nevada Revised Statutes

Dec 26 2024

Statutory Text Except as otherwise provided in NRS 41.745, whenever any person shall suffer personal injury by wrongful act, neglect or default of another, the person causing the injury is liable to the person injured for damages; and where the [...]

NRS 616B.612 Employers to provide compensation; effect of participation in consolidated insurance program; relief from certain liability.

Nevada Revised Statutes

Dec 26 2024

Statutory Text 1. Every employer within the provisions of chapters 616A to 616D, inclusive, or 617 of NRS, and those employers who accept the terms of those chapters and are governed by their provisions, shall provide and secure compensation according to [...]

NRS 689A.040 Contents of policy; substitution of provisions; captions; omission or modification of provisions.

Nevada Revised Statutes

Dec 26 2024

Statutory Text 1. Except as otherwise provided in subsection 2, each such policy delivered or issued for delivery to any person in this State must contain the provisions specified in NRS 689A.050 to 689A.170, inclusive, in the words in which the [...]

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What happens when insurance totals your car?

Car Accidents

Dec 2 2024

When your car is badly damaged in an accident, insurance companies must decide whether to repair it or declare it a total loss. Understanding this process helps you navigate insurance claims and get fair compensation. This guide explains everything […]

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