The State Treasurer has certified to the Administrative Director of the Courts that the prime interest rate as listed in the first edition of the Wall Street Journal published on the first business day of 2008, is 7.25 percent. In accordance with 12 O.S. 2004 Supp. § 727.1[I], two (2%) percentage points are added to the prime interest rate. Therefore, the interest rate to be charged on judgments in accordance with 12 O.S. § 727.1[I], for the calendar year 2008 shall be 9.25 percent. This interest rate will be in effect from Jan. 1, 2008 until the first regular business day of January 2009.
Interest rates since the inception of the law of Nov. 1, 1986, are as follows:
| 1986 |
11.65% |
1998 |
9.22% |
| 1987 |
10.03% |
1999 |
8.87% |
| 1988 |
9.95% |
2000 |
8.73% |
| 1989 |
10.92% |
2001 |
9.95% |
| 1990 |
12.35% |
2002 |
7.48% |
| 1991 |
11.71% |
2003 |
5.63% |
| 1992 |
9.58% |
2004 |
5.01% |
| 1993 |
7.42% |
2005 |
7.25% |
| 1994 |
6.99% |
2006 |
9.25% |
| 1995 |
8.31% |
2007 |
10.25% |
| 1996 |
9.55% |
2008 |
9.25% |
| 1997 |
9.15% |
|
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/s/ Michael D. Evans
Administrative Director of the Courts
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