# The Judgment Debts (Rate of Interest) Order 1993

S.I. 1993/564 · made 9 March 1993 · revised to 19 March 2021

This Order reduces from 15 per cent. to 8 per cent. per annum the rate of interest on judgment debts under section 17 of the Judgments Act 1838.

Made under: Administration of Justice Act 1970 (Section 44)

## Introductory text

JUDGMENTS
Made 9th March 1993
Laid before Parliament 10th March 1993
Coming into force 1st April 1993
The Lord Chancellor, in exercise of the powers conferred on him by section 44 of the Administration of Justice Act 1970 and with the concurrence of the Treasury, hereby makes the following Order:

## 1 

This Order may be cited as the Judgments Debts (Rate of Interest) Order 1993 and shall come into force on 1st April 1993.

## 2 

In relation to any judgment entered up after the coming into force of this Order, section 17 of the Judgments Act 1838 shall be amended so as to substitute for the rate specified in that section, as the rate at which judgment debts shall carry interest, the rate of 8 per cent. per annum.

## Signature

Mackay of Clashfern ,C.
Dated 8th March 1993
We concur,
Tim Wood
Tim Kirkhope
Two of the Lords Commissioners of Her Majesty’s Treasury.
Dated 9th March 1993

## Explanatory note

(This note is not part of the Order)
This Order reduces from 15 per cent. to 8 per cent. per annum the rate of interest on judgment debts under section 17 of the Judgments Act 1838.

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Source: https://www.legislation.gov.uk/uksi/1993/564 (the official version)
Page: https://openlegislation.uk/judgment-debts-rate-of-interest-order-1993
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.