Try reconciling FOC accounts now

Written on January 20, 2004 by David C. Sarnacki

The surcharge on past due support (MCL 552.603a) has been as amended. The Friend of the Court charge as of January 1 and July 1 of each year will “be calculated at 6-month intervals at an annual rate of interest equal to 1% plus the average interest rate paid at auctions of 5-year United States treasury notes during the 6 months immediately preceding July 1 and January 1, as certified by the state treasurer. The amount of the surcharge shall not compound. “

Posted in Law: Cases/Statutes