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Florida Statute 55.03 | Lawyer Caselaw & Research
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The 2024 Florida Statutes

Title VI
CIVIL PRACTICE AND PROCEDURE
Chapter 55
JUDGMENTS
View Entire Chapter
F.S. 55.03
55.03 Judgments; rate of interest, generally.
(1) On December 1, March 1, June 1, and September 1 of each year, the Chief Financial Officer shall set the rate of interest that shall be payable on judgments or decrees for the calendar quarter beginning January 1 and adjust the rate quarterly on April 1, July 1, and October 1 by averaging the discount rate of the Federal Reserve Bank of New York for the preceding 12 months, then adding 400 basis points to the averaged federal discount rate. The Chief Financial Officer shall inform the clerk of the courts and chief judge for each judicial circuit of the rate that has been established for the upcoming quarter. The interest rate established by the Chief Financial Officer shall take effect on the first day of each following calendar quarter. Judgments obtained on or after January 1, 1995, shall use the previous statutory rate for time periods before January 1, 1995, for which interest is due and shall apply the rate set by the Chief Financial Officer for time periods after January 1, 1995, for which interest is due. Nothing contained herein shall affect a rate of interest established by written contract or obligation.
(2) Any judgment for money damages or order for a judicial sale and any process or writ directed to a sheriff for execution shall bear, on its face, the rate of interest that is payable on the judgment. The rate of interest stated in the judgment, as adjusted in subsection (3), accrues on the judgment until it is paid.
(3) The interest rate is established at the time a judgment is obtained and such interest rate shall be adjusted annually on January 1 of each year in accordance with the interest rate in effect on that date as set by the Chief Financial Officer until the judgment is paid, except for judgments entered by the clerk of the court pursuant to ss. 55.141, 61.14, 938.29, and 938.30, which shall not be adjusted annually.
(4) A sheriff shall not be required to docket and index or collect on any process, writ, judgment, or decree, described in subsection (2), and entered after the effective date of this act, unless such process, writ, judgment, or decree indicates the rate of interest. For purposes of this subsection, if the process, writ, judgment, or decree refers to the statutory rate of interest described in subsection (1), such reference shall be deemed to indicate the rate of interest.
History.s. 1, ch. 1562, 1866; RS 1176; GS 1604; RGS 2806; CGL 4493; s. 1, ch. 16051, 1933; s. 9, ch. 67-254; s. 7, ch. 77-354; s. 8, ch. 79-396; ss. 1, 2, ch. 80-110; s. 1, ch. 81-113; s. 37, ch. 81-259; s. 8, ch. 94-239; s. 4, ch. 98-410; s. 101, ch. 2003-261; s. 1, ch. 2011-169.

F.S. 55.03 on Google Scholar

F.S. 55.03 on Casetext

Amendments to 55.03


Arrestable Offenses / Crimes under Fla. Stat. 55.03
Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 55.03.



Annotations, Discussions, Cases:

Cases Citing Statute 55.03

Total Results: 20

United Automobile Insurance Company v. Coral Gables Chiropractic PLLC, A/A/O Johander Santa C. Hernandez

Court: Fla. Dist. Ct. App. | Date Filed: 2024-10-30T00:00:00-07:00

Snippet: simple interest at the rate established under s. 55.03 or the rate established in the insurance contract

AYMEE TAYLOR, INDIVIDUALLY AND ON BEHALF OF THOSE SIMILARLY SITUATED v. STATE FARM FLORIDA INSURANCE COMPANY, A FLORIDA INSURANCE CORPORATION

Court: Fla. Dist. Ct. App. | Date Filed: 2024-04-12T00:00:00-07:00

Snippet: bears interest at the rate set forth in s. 55.03. Interest begins to accrue from the date

AYMEE TAYLOR, INDIVIDUALLY AND ON BEHALF OF THOSE SIMILARLY SITUATED v. STATE FARM FLORIDA INSURANCE COMPANY, A FLORIDA INSURANCE CORPORATION

Court: Fla. Dist. Ct. App. | Date Filed: 2024-02-02T00:00:00-08:00

Snippet: bears interest at the rate set forth in s. 55.03. Interest begins to accrue from the date

In Re: Amendments to Florida Rules of Civil Procedure - Forms 1.996(a) and 1.996(b)

Court: Fla. | Date Filed: 2024-01-18T00:00:00-08:00

Snippet: judge to insert the interest rate set by section 55.03, Florida Statutes (2023). Next, in paragraph “6… -2- by section 55.03. Additionally, in paragraph “6. Right of Redemption

In Re: Amendments to Florida Rules of Civil Procedure - Forms 1.996(a) and 1.996(b)

Court: Fla. | Date Filed: 2024-01-11T00:00:00-08:00

Snippet: judge to insert the interest rate set by section 55.03, Florida Statutes (2023). Next, in paragraph “6… -2- by section 55.03. Additionally, in paragraph “6. Right of Redemption

In Re: Amendments to the Florida Rules of Juvenile Procedure

Court: Fla. | Date Filed: 2023-04-06T00:53:00-07:00

Snippet: clarity and to maintain consistency with section 92.55(3), Florida Statutes (2022). Accordingly, the

BAKER FAMILY CHIROPRACTIC, LLC A/A/O HAHN DINH vs LIBERTY MUTUAL INSURANCE COMPANY

Court: Fla. Dist. Ct. App. | Date Filed: 2023-02-06T00:00:00-08:00

Snippet: prejudgment interest pursuant to 627.736(4)(d), 55.03, 687.01, and the policy of insurance.” The trial…simple interest at the rate established under s. 55.03 [Florida Statutes] or the rate established in the

HOSANNA COMMUNITY BAPTIST CHURCH, INC. v. 24 HR AIR SERVICE, INC.

Court: Fla. Dist. Ct. App. | Date Filed: 2022-07-13T00:53:00-07:00

Snippet: interest is a purely ministerial duty); see also § 55.03, Fla. Stat. (2021) (setting forth rate of interest

ARNE LANGSETMO v. KRISTEN MARIE METZA

Court: Fla. Dist. Ct. App. | Date Filed: 2022-03-08T23:53:00-08:00

Snippet: statute governing the interest on judgments, section 55.03, Florida Statutes, sets the rate of interest. See…from the date of loss or entitlement under section 55.03 for purposes of calculation of pre-judgment interest

PRECISION DIAGNOSTIC, INC. v. PROGRESSIVE AMERICAN INSURANCE COMPANY

Court: Fla. Dist. Ct. App. | Date Filed: 2021-10-20T00:53:00-07:00

Snippet: established by section 55.03 for the quarter in which payment became overdue. Section 55.03(1) requires that…erred in its interpretation of sections 627.736 and 55.03, Florida Statutes (2020), for purposes of calculating…Precision argued that sections 627.736(4)(d) and 55.03 required a quarterly fluctuating interest rate. …interest at the rate established under s. 55.03 or the rate established in the insurance contract… 2 Section 55.03, in turn, provides: (1) On December 1, March

Edward A. Crapo, in his capacity as Alachua County Property Appraiser v. Academy for Five Element Acupuncture, Inc., a Florida Non-Profit Corporation

Court: Fla. Dist. Ct. App. | Date Filed: 2019-07-08T00:53:00-07:00

Snippet: changed circumstances. 25 Panel Oral Arg. at 2:55-3:00 (Feb. 12, 2018) (Crapo’s counsel agreeing that

D'agostino v. Ccp Ponce

Court: Fla. Dist. Ct. App. | Date Filed: 2019-05-01T00:00:00-07:00

Citation: 274 So. 3d 1141

Snippet: year at the interest rate provided by Section 55.03(1), Florida Statutes (2011).” No party appealed…post-judgment interest statutory rate set by section 55.03(1).7 The trial court rejected the Guarantors’ arguments…Guarantors based on the damage calculations 7 Section 55.03(1) provides that Florida’s Chief Financial Officer…basis, the interest rate payable on judgments. § 55.03(1), Fla. Stat. (2011). …-judgment interest rate established in section 55.03(1). We address each issue in turn. III. Analysis

JOHN S. CAMMALLERI v. STATE OF FLORIDA

Court: Fla. Dist. Ct. App. | Date Filed: 2019-01-22T23:53:00-08:00

Snippet: at the statutory rate pursuant to Section 55.03, Florida Statutes, for all of which let execution

Alexander v. Kalitan

Court: Fla. Dist. Ct. App. | Date Filed: 2019-01-09T00:00:00-08:00

Citation: 263 So. 3d 70

Snippet: judgment until it is paid." § 55.03(2), Fla. Stat. Section 55.03(3) provides that "[t]he interest… 2d DCA 2017). Our analysis begins with section 55.03(2), Florida Statutes (2008), which governs interest…is paid." Our courts have cited to section 55.03 in recognizing that generally, interest accrues …observing that "the plain language of section 55.03... specifically provides that interest does not …further bolstered by the plain language of section 55.03, Florida Statutes... which specifically provides

Alexander v. Kalitan

Court: Fla. Dist. Ct. App. | Date Filed: 2019-01-09T00:00:00-08:00

Citation: 263 So. 3d 70

Snippet: judgment until it is paid." § 55.03(2), Fla. Stat. Section 55.03(3) provides that "[t]he interest… 2d DCA 2017). Our analysis begins with section 55.03(2), Florida Statutes (2008), which governs interest…is paid." Our courts have cited to section 55.03 in recognizing that generally, interest accrues …observing that "the plain language of section 55.03... specifically provides that interest does not …further bolstered by the plain language of section 55.03, Florida Statutes... which specifically provides

ROB ALEXANDER, M.D. v. SUSAN KALITAN

Court: Fla. Dist. Ct. App. | Date Filed: 2019-01-08T23:53:00-08:00

Snippet: the judgment until it is paid.” § 55.03(2), Fla. Stat. Section 55.03(3) provides that “[t]he interest …DCA 2017). Our analysis begins with section 55.03(2), Florida Statutes (2008), which governs interest…judgment is paid.” Our courts have cited to section 55.03 in recognizing that generally, interest accrues …and observing that “the plain language of section 55.03 . . . specifically provides that interest does not…non-variable interest rate applied pursuant to section 55.03(3), Florida Statutes (2011). But the statute was

Heartland Express, Inc. of Iowa v. Mark Farber, as limited etc.

Court: Fla. Dist. Ct. App. | Date Filed: 2018-12-17T23:53:00-08:00

Snippet: post-judgment interest runs from the date of judgment. § 55.03(3), Fla. Stat.; Amerace Corp. v. Stallings, 823 … accrue on the date the judgment is obtained. § 55.03(3), Fla. Stat. III… Judgment is a judgment for purposes of section 55.03(3), Florida Statutes (providing for post-judgment

LENOS TRIGEORGIS v. GEORGE TRIGEORGIS

Court: Fla. Dist. Ct. App. | Date Filed: 2018-03-28T00:53:00-07:00

Snippet: thereof, the rate is the rate provided for in s. 55.03.” However, in order for a contract rate to apply

Progressive v. Florida Hospital

Court: Fla. Dist. Ct. App. | Date Filed: 2018-02-04T23:53:00-08:00

Snippet: to delve into the legislative history of section 55.03(3), Florida Statutes (2010), because the language…to delve into the legislative history of section 55.03(3), Florida Statutes (2010), because the language

Progressive v. Florida Hospital

Court: Fla. Dist. Ct. App. | Date Filed: 2017-11-12T23:53:00-08:00

Snippet: to delve into the legislative history of section 55.03(3), Florida Statutes (2010), because the language…to delve into the legislative history of section 55.03(3), Florida Statutes (2010), because the language