Updated Judgment Interest Rates 2017

The Chief Financial Officer is required to set the rate of interest payable on judgments and decrees on December 1, March 1, June 1, and September 1 of each year for the following applicable quarter (Section 55.03(1), Florida Statutes). Sections 215.422(3)(b), 337.141(3) and 687.01, Florida Statutes, requires the use of this rate for the payment of interest for late payments to vendors; for late payments on construction or maintenance contracts administered by the Department of Transportation; and for cases where a rate of interest is not specified in a contract.

The interest rate for payments to health care providers pursuant to Section 215.422(13), Florida Statutes, remains at 1% per month or

Effective Date Rate Per Annum Daily Rate as a Percentage Daily Rate as a Decimal
January 1, 2017 4.97% .01361644% .0001361644
October 1, 2016 4.91% .01341530% .0001341530
July 1, 2016 4.84% .01322404% .0001322404
April 1, 2016 4.78% .01306011% .0001306011
January 1, 2016 4.75% .0129781% .000129781
October 1, 2015 4.75% .0130137% .000130137
July 1, 2015 4.75% .0130137% .000130137
April 1, 2015 4.75% .0130137% .000130137

 

Share This
%d bloggers like this: