Child Support Enforcement - Sarpy County Nebraska

Title IV-D Division of the Department of Health and Human Services shall compute interest and
identify delinquencies pursuant to this section on the payments received by the State
Disbursement Unit pursuant to section 42-369. The Title IV-D Division shall provide the case
information in electronic format, and upon request in print format, to the judge presiding over
domestic relations cases and to the county attorney or authorized attorney.
(4) …
§45-103 Interest; judgments; decrees; rate; exceptions.
For decrees and judgments rendered before July 20, 2002, interest on decrees and judgments for
the payment of money shall be fixed at a rate equal to one percentage point above the bond
equivalent yield, as published by the Secretary of the Treasury of the United States, of the
average accepted auction price for the last auction of fifty-two-week United States Treasury bills
in effect on the date of entry of the judgment. For decrees and judgments rendered on and after
July 20, 2002, interest on decrees and judgments for the payment of money shall be fixed at a
rate equal to two percentage points above the bond investment yield, as published by the
Secretary of the Treasury of the United States, of the average accepted auction price for the first
auction of each annual quarter of the twenty-six-week United States Treasury bills in effect on
the date of entry of the judgment. The State Court Administrator shall distribute notice of such
rate and any changes to it to all Nebraska judges to be in effect two weeks after the date the
auction price is published by the Secretary of the Treasury of the United States. This interest rate
shall not apply to:
(1) An action in which the interest rate is specifically provided by law; or
(2) An action founded upon an oral or written contract in which the parties have agreed to a rate
of interest other than that specified in this section.
See: http://supremecourt.ne.gov/community/judgment-interest-rate.shtml for the present and past
interest rates. [2.056% as of January 19, 2012, valid until mid April 2012]
Servicemembers Civil Relief Act of 2003 Section 207 (a)
Notwithstanding the above, when the obligated parent is an active duty member of the US
Military, the interest rate shall be capped by federal law at 6.000%. See below for rules and
restrictions on this.
§207 (a) INTEREST RATE LIMITATION-
(1) LIMITATION TO 6 PERCENT- An obligation or liability bearing interest at a rate in
excess of 6 percent per year that is incurred by a servicemember, or the servicemember and
the servicemember’s spouse jointly, before the servicemember enters military service shall not
bear interest at a rate in excess of 6 percent per year during the period of military service.
(2) FORGIVENESS OF INTEREST IN EXCESS OF 6 PERCENT- Interest at a rate in
excess of 6 percent per year that would otherwise be incurred but for the prohibition in
paragraph (1) is forgiven
(b) IMPLEMENTATION OF LIMITATION-
(1) WRITTEN NOTICE TO CREDITOR- In order for an obligation or liability of a
servicemember to be subject to the interest rate limitation in subsection (a), the servicemember
shall provide to the creditor written notice and a copy of the military orders calling the
servicemember to military service and any orders further extending military service, not later
than 180 days after the date of the servicemember’s termination or release from military service.
(2) LIMITATION EFFECTIVE AS OF DATE OF ORDER TO ACTIVE DUTY- Upon
receipt of written notice and a copy of orders calling a servicemember to military service, the
creditor shall treat the debt in accordance with subsection (a), effective as of the date on which
the servicemember is called to military service.
. . .
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