Okla. Stat. tit. 12, § 12-727.1

2005.

POSTJUDGMENT INTEREST

A. 1. Except as otherwise provided by this section, all

judgments of courts of record, including costs and attorney fees

authorized by statute or otherwise and allowed by the court, shall

bear interest at a rate prescribed pursuant to this section.

2. Costs and attorney fees allowed by the court shall bear

interest from the earlier of the date the judgment or order is

pronounced, if expressly stated in the written judgment or order

awarding the costs and attorney fees, or the date the judgment or

order is filed with the court clerk.

B. Judgments, including costs and attorney fees authorized by

statute or otherwise and allowed by the court, against this state or

its political subdivisions, including counties, municipalities,

school districts, and public trusts of which this state or a

political subdivision of this state is a beneficiary, shall bear

interest during the term of judgment at a rate prescribed pursuant

to this section from the date of rendition. No judgment against

this state or its political subdivisions, including counties,

municipalities, school districts, and public trusts of which this

state or a political subdivision of this state is a beneficiary,

inclusive of postjudgment interest, shall exceed the total amount of

liability of the governmental entity pursuant to The Governmental

Tort Claims Act.

Oklahoma Statutes - Title 12. Civil Procedure Page 135

C. The postjudgment interest authorized by subsection A or

subsection B of this section shall accrue from the earlier of the

date the judgment is rendered as expressly stated in the judgment,

or the date the judgment is filed with the court clerk, and shall

initially accrue at the rate in effect for the calendar year during

which the judgment is rendered until the end of the calendar year in

which the judgment was rendered, or until the judgment is paid,

whichever first occurs. Beginning on January 1 of the next

succeeding calendar year until the end of that calendar year, or

until the judgment is paid, whichever first occurs, the judgment,

together with postjudgment interest previously accrued, shall bear

interest at the rate in effect for judgments rendered during that

calendar year as certified by the Administrative Director of the

Courts pursuant to subsection I of this section. For each

succeeding calendar year, or part of a calendar year, during which a

judgment remains unpaid, the judgment, together with postjudgment

interest previously accrued, shall bear interest at the rate in

effect for judgments rendered during that calendar year as certified

by the Administrative Director of the Courts pursuant to subsection

I of this section. A separate computation using the interest rate

in effect for judgments as provided by subsection I of this section

shall be made for each calendar year, or part of a calendar year,

during which the judgment remains unpaid in order to determine the

total amount of interest for which the judgment debtor is liable.

The postjudgment interest rate for each calendar year or part of a

calendar year a judgment remains unpaid shall be multiplied by the

original amount of the judgment, including any prejudgment interest,

together with postjudgment interest previously accrued. Interest

shall accrue on a judgment in the manner prescribed by this

subsection until the judgment is satisfied or released.

D. If a rate of interest is specified in a contract, the rate

specified shall apply and be stated in the journal entry of

judgment. The rate of interest shall not exceed the lawful rate for

that obligation. Postjudgment interest shall be calculated at the

contractual rate and accrued in the same manner as prescribed in

subsection C of this section.

PREJUDGMENT INTEREST

E. Except as provided by subsection F of this section,

beginning November 1, 2009, if a verdict for damages by reason of
n the journal entry of

judgment. The rate of interest shall not exceed the lawful rate for

that obligation. Postjudgment interest shall be calculated at the

contractual rate and accrued in the same manner as prescribed in

subsection C of this section.

PREJUDGMENT INTEREST

E. Except as provided by subsection F of this section,

beginning November 1, 2009, if a verdict for damages by reason of

personal injuries or injury to personal rights including, but not

limited to, injury resulting from bodily restraint, personal insult,

defamation, invasion of privacy, injury to personal relations, or

detriment due to an act or omission of another is accepted by the

trial court, the court in rendering judgment shall add interest on

the verdict at a rate prescribed pursuant to subsection I of this

section from the date which is twenty-four (24) months after the

suit resulting in the judgment was commenced to the earlier of the

Oklahoma Statutes - Title 12. Civil Procedure Page 136

date the verdict is accepted by the trial court as expressly stated

in the judgment, or the date the judgment is filed with the court

clerk. No prejudgment interest shall begin to accrue until twenty-

four (24) months after the suit resulting in the judgment was

commenced. The interest rate for computation of prejudgment

interest shall begin with the rate prescribed by subsection I of

this section which is in effect for the calendar year which is

twenty-four (24) months after the suit resulting in the judgment was

commenced. This rate shall be in effect until the end of the

calendar year in which interest begins to accrue or until the date

judgment is filed, whichever first occurs. Beginning on January 1

of the next succeeding calendar year until the end of that calendar

year, or until the date the judgment is filed, whichever first

occurs, and for each succeeding calendar year thereafter, the

prejudgment interest rate shall be the rate in effect for judgments

rendered during each calendar year as certified by the

Administrative Director of the Courts pursuant to subsection I of

this section. After the computation of all prejudgment interest has

been completed, the total amount of prejudgment interest shall be

added to the amount of the judgment rendered pursuant to the trial

of the action, and the total amount of the resulting judgment shall

become the amount upon which postjudgment interest is computed

pursuant to subsection A of this section.

F. If a verdict of the type described by subsection E of this

section is rendered against this state or its political

subdivisions, including counties, municipalities, school districts,

and public trusts of which this state or a political subdivision of

this state is a beneficiary, the judgment shall bear interest at the

rate prescribed pursuant to subsection I of this section from the

date the suit was commenced to the earlier of the date the verdict

is accepted by the trial court as expressly stated in the judgment

or the date the judgment is filed with the court clerk. The

interest rate for computation of prejudgment interest shall begin

with the rate prescribed by subsection I of this section which is in

effect for the calendar year in which the suit resulting in the

judgment is commenced. This rate shall be in effect until the end

of the calendar year in which the suit resulting in judgment was

filed or until the date the judgment is rendered as expressly stated

in the judgment, whichever first occurs. Beginning on January 1 of

the next succeeding calendar year until the end of that calendar

year, or until the date judgment is rendered, whichever first

occurs, and for each succeeding calendar year thereafter, the

prejudgment interest rate shall be the rate in effect for judgments

rendered during each calendar year as certified by the

Administrative Director of the Courts pursuant to subsection I of
on January 1 of

the next succeeding calendar year until the end of that calendar

year, or until the date judgment is rendered, whichever first

occurs, and for each succeeding calendar year thereafter, the

prejudgment interest rate shall be the rate in effect for judgments

rendered during each calendar year as certified by the

Administrative Director of the Courts pursuant to subsection I of

this section. After the computation of prejudgment interest has

been completed, the amount shall be added to the amount of the

Oklahoma Statutes - Title 12. Civil Procedure Page 137

judgment rendered pursuant to the trial of the action, and the total

amount of the resulting judgment shall become the amount upon which

postjudgment interest is computed pursuant to subsection B of this

section. No award of prejudgment interest against this state or its

political subdivisions, including counties, municipalities, school

districts, and public trusts of which this state or a political

subdivision of this state is a beneficiary, including the amount of

the judgment awarded pursuant to trial of the action, shall exceed

the total amount of liability of the governmental entity pursuant to

The Governmental Tort Claims Act.

G. If exemplary or punitive damages are awarded in an action

for personal injury or injury to personal rights including, but not

limited to, injury resulting from bodily restraint, personal insult,

defamation, invasion of privacy, injury to personal relations, or

detriment due to an act or omission of another, the interest on that

award shall begin to accrue from the earlier of the date the

judgment is rendered as expressly stated in the judgment, or the

date the judgment is filed with the court clerk.

H. If a judgment is rendered establishing the existence of a

lien against property and no rate of interest exists, the court

shall allow prejudgment interest at a rate prescribed pursuant to

subsection I of this section from the date the lien is filed to the

date of verdict.

I. For purposes of computing postjudgment interest as

authorized by this section, interest shall be the prime rate, as

listed in the first edition of the Wall Street Journal published for

each calendar year and as certified to the Administrative Director

of the Courts by the State Treasurer on the first regular business

day following publication in January of each year, plus two percent

(2%). For purposes of computing prejudgment interest as authorized

by this section, interest shall be determined using a rate equal to

the average United States Treasury Bill rate of the preceding

calendar year as certified to the Administrative Director of the

Courts by the State Treasurer on the first regular business day in

January of each year.

J. For purposes of computing postjudgment interest, the

provisions of this section shall be applicable to all judgments of

the district courts rendered on or after January 1, 2005. Effective

January 1, 2005, the method for computing postjudgment interest

prescribed by this section shall be applicable to all judgments

remaining unpaid rendered prior to January 1, 2005.

K. For purposes of computing prejudgment interest, the

provisions of this section shall be applicable to all actions which

are filed in the district courts on or after January 1, 2010, for

which an award of prejudgment interest is authorized by the

provisions of this section.

Oklahoma Statutes - Title 12. Civil Procedure Page 138