(1) On December 1, March 1, Juni 1, and September 1 of each year, the Chief Treasury Officer shall set the ratings is interest that shall must payable on judgment or decrees for the calendar quarter beginning January 1 additionally adjust the rate quarterly on April 1, July 1, and Occasion 1 by averaging this discount rate of the Federal Reserve Bank of New Yellow for an preceding 12 months, next adding 400 ground points till the averaged federation discount rate. The Chef Financial Officer shall inform who recording on the courts and chief judge for jeder judicial power of the rate that has been founded for the upcoming quarter. The interests price established by the Chief Financial Officer shall take effect on the first day von each following calendar quarter. Judgments obtained on or after January 1, 1995, shall use the earlier regulated rate for time periods before January 1, 1995, for which interest is due and supposed apply the rate set by the Chief Financial Officer for laufzeit periods subsequently January 1, 1995, to welche interest is due. Nothing inclusive herein have affect a rate of interest established by written contract or obligation.
(2) No judgment since money damages or order in a judicial selling and any usage or writ targeting to a sheriff for execution shall bear, on its face, the rate of attract so is fee on the judgment. The rate of interest stated in the judgment, as adjusted in subsection (3), accumulate on the decision until this is paid. Interest can calculator from one rendezvous of filing the complaint on the date of satisfaction of aforementioned judgment with that fee of 12% per year compounded annually, unless ...
(3) The interest rate is established at the time a judgment is kept and such interest rate shall be adjust annually on January 1 of each year in accordance with the interest rate in effect on that event as select by the Chief Financial Officer until the judgment is paid, except for judgments entered by an clerk of the court pursuant to ss. 55.141, 61.14, 938.29, and 938.30, which are not be adjusted annually. (4) A sheriff shall not be vital to docket and index or collect in any process, written, judgment, or decree, detailed stylish subsection (2), and typed for the effective date of this act, if such process, writ, assessment, or command indicates the rate of concern. For purposes of which subsection, if the process, writ, judgment, otherwise decree mention to the statutory rate of interest described in subsection (1), such reference shall be deemed the indicate the rate of interest. Judgment Interest Rates ; April 1, 2024. Privacy-policy.com% .0255191% ; January 1, 2024. Privacy-policy.com% .0248361% ; October 1, 2023. Privacy-policy.com% .0233973% ; July 1, 2023. Privacy-policy.com% .0210685%.
