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Monday, February 12, 2007

FLORIDA STATUTORY INTEREST RATE ON JUDGMENTS MODIFIED [FLORIDA]

Under Florida law, uncollected court judgments accrue interest at a rate established by law. As of January 1, 2007, this statutory rate has been increased from 9% per annum to 11% per annum.

For historical interest, the following summarizes the annual rates for recent years:

PRIOR YEAR RATES

YEAR

PER ANNUM

DAILY RATE

2006

9%

.0002466

2005

7%

.0001918

2004

7%

.0001918

2003

6%

.0001644

2002

9%

.0002466

2001

11%

.0003014

2000

10%

.0002740

1999

10%

.0002740

1998

10%

.0002740

1997

10%

.0002740

1996

10%

.0002740

1995

8%

.0002192

10/01/81 thru 12/31/94: 12% .0003333

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