Legislation
SECTION 412
Accrual of interest
New York City Civil Court Act (CCA) CHAPTER 693, ARTICLE 4
§ 412. Accrual of interest. In any action, petition, order to show
cause or other proceeding wherein interest accrues from the date of the
inception of the action, petition, order or proceeding, said entitlement
to interest shall not begin to accrue until service is completed by the
actual index number being properly depicted on the summons and provided
to the party to be charged with the payment of interest.
cause or other proceeding wherein interest accrues from the date of the
inception of the action, petition, order or proceeding, said entitlement
to interest shall not begin to accrue until service is completed by the
actual index number being properly depicted on the summons and provided
to the party to be charged with the payment of interest.