Article 2 The general rule

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

art. 2(5) inserted by Crime and Courts Act 2013 (County Court and Family Court: Consequential Provision) 2014 art. 6
art. 2(1) words inserted by County Courts (Interest on Judgment Debts) 2019 art. 2(2)
art. 2(2) words inserted by County Courts (Interest on Judgment Debts) 2019 art. 2(3)
art. 2(2A) inserted by County Courts (Interest on Judgment Debts) 2019 art. 2(4)

(1)

Subject to the following provisions of this Order, every judgmentdebt under a relevant judgment shall, to the extent that it remainsunsatisfied, carry interest under this Order from the date on which therelevant judgment was given.

(2)

In the case of a judgment or order for the payment of a judgmentdebt, other than costs, the amount of which has to be determined at alater date, the judgment debt shall carry interest from that later date.

(3)

Interest shall not be payable under this Order where the relevantjudgment—

(a)

is given in proceedings to recover money due under an agreementregulated by the Consumer Credit Act 1974^f1;

(b)

grants—

(i)

the landlord of a dwelling house, or

(ii)

the mortgagee under a mortgage of land which consists of or includesa dwelling house,

a suspended order for possession.

(4)

Where the relevant judgment makes financial provision for thespouse or a child, interest shall only be payable on an order for thepayment of not less than £ 5,000 as a lump sum(whetheror not the sum is payable by instalments).

For the purposes of this paragraph, no regard shall be had to any interest payable under section 23(6) of the Matrimonial Causes Act 1973^f2.

Annotations

Footnotes

f1: 1974 c. 39.
f2: 1973 c. 18; subsection (6) was added to section 23 by theAdministration of Justice Act 1982 (c. 53), section 16.