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:
- If a contract or note provides the interest rate, use that interest
rate.
- In all other cases,
- (a) If the Judgement is $30,000 or less, pre-judgment
interest is 8%.
(b) If the Judgment is $30,000 or more, pre-judgement interest
is as follows:
| If the complaint is filed or notice of
Claim is served in the following year |
Then the Pre-Judgment Interest is |
| 2009 |
1.40% |
| 2008 |
4.42% |
| 2007 |
5.99% |
| 2006 |
5.36% |
| 2005 |
3.77% |
| 2004 |
2.28% |
| 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% |
| 1994 |
4.61% |
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:
- If a contract or note provides the interest rate, use that
interest rate.
- In all other cases, pre-judgment interest is as follows:
| If the complaint is filed
or notice of Claim is served in the following year |
Then the Pre-Judgment Interest
is |
| 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.
