Interest Rate Set Pursuant To Section 55.03, Florida Statues
RULE NO.: RULE TITLE:
DEPARTMENT OF FINANCIAL SERVICES
INTEREST RATE SET PURSUANT TO SECTION 55.03, FLORIDA STATUTES
Chapter 2011-169, Laws of Florida, amended Section 55.03(1), Florida Statutes (F.S), to require the Chief Financial Officer to set the rate of interest that shall be payable on judgments and decrees on a quarterly basis rather than an annual basis. The interest rate for the quarter beginning April 1, 2013 has been set at 4.75 percent per annum or a daily rate of .0130137 percent (.000130137 expressed as a decimal).
Current and historical interest rates are available on the following website: http://www.myfloridacfo.com/aadir/interest.htm. Please contact the Vendor Ombudsman Section at (850)413-5516 if you have any questions.