A court may, on proper application, permit a party in the possession of money (or other valuable item capable of delivery) to deposit the money in court for various reasons including:
" to relieve the depositor of the responsibility of the funds;
" to avoid placing one party at a severe advantage during the period of litigation; and
" to preserve the funds in controversy to ensure that the prevailing party may receive the money it is awarded.
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In order to deposit funds in the registry of the Court a party must present an order of the Court authorizing the deposit. If the money is to be deposited in an interest bearing account, the order must specify that it is to be deposited in an interest bearing account.
The CRIS registry funds are pooled and used to purchase U.S. Treasury securities. These securities are held to maturity, and the portfolio is structured so that sufficient securities mature each week to pay out funds for all registry cases settled during the week.
Most full time local court registries have a registrar or deputy registrar who can provide information, assistance and guidance to members of the public on local court procedures and applications. This is called the chamber service. The chamber service does not provide legal advice and cannot represent people in court.
Disbursements. Disbursements are pursuant to Court Order or Florida Statutes. Upon receipt of a Court Order or Florida Statutes, a request to the Accounting department is prepared by the Clerk. After preparation of the request, disbursements are usually mailed within 15 working days.
