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Walker signs bill cutting interest rates on civil judgments

MADISON, Wis. (AP) – Gov. Scott Walker has signed into law a bill that reduces interest charged on court judgments. Walker signed the bill Wednesday.

The bill reduces current interest rates charged on civil judgments.

Currently, people ordered to pay court judgments face 12 percent annual interest. The bill changes that to make it the prime rate, plus 1 percent, which would be 4.25 percent currently.

The proposal was part of Walker’s special session called to help create jobs.

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