Writs of Execution: Pre-Judgment Interest Rate

Writs of Execution: Pre-Judgment Interest Rate (PDF)

Complaint Filed/Notice of Claim Served Before July 1, 2003:

  1. If a contract or note provides the interest rate, use that interest rate.
  2. In all other cases,

    (a) If the Judgment is $30,000 or less, pre-judgment interest is 8%.
    (b) If the Judgment is $30,000 or more, pre-judgment interest is as follows:

  3.  
    If complaint is filed or notice of claim is served in the following year Then the Pre-Judgment Interest is
    2003
    2.41%
    2002
    3.28%
    2001
    6.34%
    2000
    6.95%
    1999
    5.63%
    1998
    6.55%
    1997
    6.50%
    1996
    6.21%
    1995
    8.21%

    This Chart already includes the calculation of the T-Bill rate plus 1%

Complaint Filed/Notice Of Claim Served On or After July 1, 2003:

  1. If a contract or note provides the interest rate, use that interest rate.
  2. In all other cases, pre-judgment interest is as follows:
     
    If complaint is filed or notice of claim is served in the following year Then the Pre-Judgment Interest is
    2016
    3.65%
    2015
    3.27%
    2014
    3.13%
    2013
    3.16%
    2012
    3.12%
    2011
    3.30%
    2010
    3.41%
    2009
    3.40%
    2008
    6.42%
    2007
    7.99%
    2006
    7.36%
    2005
    5.77%
    2004
    4.28%

    This Chart already includes the calculation of the T-Bill rate plus 3%

    NOTE: Prejudgment interest is not awarded on judgments in Small Claims actions unless the action is based on a contract or note that sets out a rate of interest, in which case prejudgment interest is allowed at the rate specified in the contract or note.