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 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
    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 the complaint is filed or notice of Claim is served in the following year Then the Pre-Judgment Interest is
    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%

  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.