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Alaska Interest Rates Laws
More Information on Interest Rate Laws
| Legal Maximum Rate of Interest | Absent contract: 10.5%; express contract agreement: 5% over legal rate (§45.45.010) |
| Penalty for Usury (Unlawful Interest Rate) | One paying usurious interest may recover double amount thereof within 2 years (§45.45.030) |
| Interest Rates on Judgments | 3% above 12th Federal Reserve District's discount rate on January 2nd of year in which judgment is entered, unless contract action, then use contract rate (§09.30.070) |
| Exceptions | Contract where principal amount exceeds $25,000 (§45.45.010)(b) |
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