SB 963 - This act modifies the amount of interest that can be collected on a judgment balance in a civil action. Currently, for judgments in nontort actions where a contract provides that the interest rate is more than nine percent, the interest shall be the amount specified in the contract. This act changes such interest rate to more than five percent. In all other nontort actions, the interest shall be the lesser of five percent or the Federal Funds Rate, plus two percent. Currently, for judgments in tort actions the interest rate is five percent. This act provides that the interest rate shall be the Federal Funds Rate, plus two percent instead of five percent. In no case shall the annual interest rate exceed five percent. Additionally, in tort actions, prejudgment interest may have an interest equal to the Federal Fund Rate, plus two percent rather than three percent, but shall not exceed five percent. This act is identical to HB 184 (2019) and HB 1864 (2018) and is similar to SB 895 (2018). KATIE O'BRIEN