(a) Interest, at the rate fixed by regulation by the Finance Board of the Office of the Commissioner of Financial Institutions in effect when judgment is pronounced, shall be included in every judgment ordering the payment of money, to be computed on the amount of the judgment from the date it was pronounced and until paid up, including costs and attorney’s fees. The interest rate shall be stated in the judgment.The Board shall periodically fix and review the interest rate on judgments, taking into consideration the market’s fluctuations, with the objective of discouraging the filing of frivolous claims, avoiding unreasonable delay in compliance with the existing obligations and stimulating the payment of judgments as soon as possible.(b) Except when the defendant is the Commonwealth of Puerto Rico, its municipalities, agencies, instrumentalities or officers acting in their official capacity, the court will also impose on the party that has acted rashly the payment of interest at the rate fixed by the Board by virtue of the previous subsection which is in effect at the moment the judgment is pronounced, from the time the cause of action arises in every case of collection of money

rate fixed by the Board by virtue of the previous subsection which is in effect at the moment the judgment is pronounced, from the time the cause of action arises in every case of collection of money and from the time the claim is filed in actions for damages until the date judgment is pronounced, to be computed on the amount of the judgment. The interest rate shall be stated in the judgment. History —Amended on July 6, 1985, No. 82, p. 265, § 1; July 11, 1988, No. 78, p. 333, § 1.