Statutory Interest Rate Changes

The Florida Legislator has amended Fla. Stat. s. 55.03, which governs the statutory interest rate applicable to judgments to provide:

1. The interest rate will be updated quarterly instead of annually.
2. The interest rate applicable to a judgment will be updated quarterly, rather than fixed on the date of judgment.

These changes will go into effect on July 1, 2011.

Goodman v. Joffe, 36 Fla. L. Wkly. D775 (Fla. 4th DCA 2011)

The Appellant argued that the Circuit Court erred by failing to rule on her Motion to Vacate Default before entering Default Judgment.  The Appellant had, apparently, filed the Motion to Vacate Default but never set the motion for hearing.  The Fourth DCA expressed concern that the Appellant should not be rewarded for sitting on her rights by not setting her motion for hearing.  But, regardless, the Fourth DCA overturned the judgment per Vacation Escape, Inc. v. Mich. Nat’l Bank, 735 So.2d 528, 529 (Fla. 4th DCA 1999).

Goodman v. Joffe, 36 Fla. L. Wkly. D775 (Fla. 4th DCA 2011)

 

Changes (again)

We ran into some technical trouble on the old site and I have taken the opportunity to make some long overdue transitions.  On the backend we have switched from MovableType to WordPress.  On the frontend, we have a much different look.  The address of the blog has shifted to www.FloridaCivPro.com/reporter/.  Expect a few more shifts as we settle in.  Thanks as always for your support.  In the meantime, you can help support this project by adding an article to FloridaLegalWiki.com.