JOHN FAYED, APPELLANT,
v.
LYNN ALTSHULER, APPELLEE

Fla. 4th DCA | 1996-07-17
No. 95-1132
GUNTHER, C.J., and GLICKSTEIN and SHAHOOD, JJ., concur.
676 So. 2d 1062 Florida District Court of Appeal, Fourth District (1996) Positive Treatment
Cited by 2 cases

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Synopsis

The Fourth District Court of Appeal remanded a family law matter to correct a trial court's order regarding statutory interest on child support arrearages. The court held that while interest properly accrues from June 1991, the trial court must apply the revised statutory interest rate of 8% (effective January 1, 1995) to portions of the arrearages accruing after that date, rather than applying 12% to the entire amount.


Holding

Interest properly accrues from June 1991 when the arrearages were first determined. However, the trial court must apply a blended interest rate: 12% for the period before January 1, 1995, and 8% for the period from January 1, 1995 forward, as required by the amended statutory interest statute.


Headnotes

[1] Statutory interest on judgments is a matter of right and does not require specific pleading.

[2] Judgments obtained on or after January 1, 1995, shall use the previous statutory interest rate for periods predating January 1, 1995, and the new rate for periods after J…

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Key Quotes

“The statute provides that 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 new rate from time periods after January 1, 1995.”

Establishes the blended interest rate requirement under amended § 55.03.

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Facts & Procedural History

A former husband owed child support arrearages to his former wife. A general master's report recommended 12% statutory interest on $38,600 in principa…

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Opinion of the Court
PER CURIAM.

PER CURIAM.

We redesignate this appeal as one from a nonfinal order questioning the award of statutory interest on arrearages owed to the former wife by the former husband. We remand for the trial court to correct its order ratifying the general master’s report to reflect the revised interest rate that applies to judgments obtained on or after January 1, 1995, for which interest predating said date is due. See § 55.03, Fla. Stat. (1995).

The general master’s report provides that the former wife is entitled to 12% statutory interest on the arrearages owed by the former husband dating back “to the first determination of arrearage by this Court, to wit, $32,170.00 arrears, determined by Court Order of June 21, 1991.” As such she is entitled to total statutory interest of $11,979.07 in addition to the $38,600 child support arrearage principal balance.

The former husband filed exceptions to the general master report noting that the recommendations incorrectly state that interest on the arrearage refer back to June 21, 1991, while the transcript shows that the date for interest to accrue is February 25,1994. The trial court ratified and approved the general master’s report.

The statutory interest rate changed between 1994 and 1995. A judgment entered on or after October 1, 1981, was to bear interest at 12% per year. Section 55.03 was amended to tie the statutory interest rate to the average discount rate of the Federal Reserve Bank of New York as set by the Comptroller. Effective January 1, 1995, the rate was 8%. The statute provides that 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 new rate from time periods after January 1, 1995. The former wife concedes that at the very least, the case must be remanded since the order provides that the 12% interest rate applies to all of the arrears herein. The former husband argues that interest should accrue from February 1994, not from June 1991 as ordered. We are not persuaded by the former husband’s argument. Unlike a request for attorney’s fees,1 nothing in the statute or case law requires any specific pleading by a movant for statutory interest. Recently, in Auto Owners Insurance Co. v. Clark, 676 So. 2d 3, 4 (Fla. 4th DCA 1996), this court commented as follows: “Lastly, we point out that section 55.03(1), Florida Statutes (1993), requires that a judgment bear interest.” In Leenen v. Ruttgers Ocean Beach Lodge, Ltd., 662 F.Supp. 240, 242 (S.D.Fla.1987), the court held that because Florida law provides for postjudgment interest as a matter of right, a claim for postjudgment interest need not be pleaded.

We find no error in permitting the interest to be calculated from June 1991. There is no dispute that the former husband has been directed to pay specified amounts from at least June 1991 forward. While we do not know whether all such directives were in the form of judgments, nonetheless, for purposes of enforcement any orders requiring payment or establishing arrears would be final. See, e.g., Joannou v. Corsini, 543 So. 2d 308 (Fla. 4th DCA 1989); City of Haines City v. Allen, 549 So. 2d 678 (Fla. 2d DCA 1989).

GUNTHER, C.J., and GLICKSTEIN and SHAHOOD, JJ., concur. . Stockman v. Downs, 573 So. 2d 835 (Fla.1991).


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Citator

Cited By

  • RDR Computer Consulting Corp. v. Eurodirect, Inc., 884 So. 2d 1053 (Fla. 2d DCA 2004)
    …laimant to expressly reserve the issue of prejudgment interest for resolution by the trial judge after the jury’s verdict. Indeed, prejudgment interest is merely an element of damage. It does not need to be specially pleaded. See Fayed v. Altshuler, 676 So. 2d 1062 (Fla. 4th DCA 1996); Tillman v. Howell, 634 So. 2d 268, 270 (Fla. 4th DCA 1994).2 Thus, the trial [*1056] court erred in ruling that RDR was required to expressly reserve this issue for resolution by the trial judge.3 Accordingly, we reverse the tri…

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