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Arkansas Interest Rates Laws
More Information on Interest Rate Laws
| Legal Maximum Rate of Interest | Consumer and nonconsumer rate is 5% above Federal Reserve discount rate (consumer rate is capped at 17%) (Const. Art. XIX §13) |
| Penalty for Usury (Unlawful Interest Rate) | Contracts calling for more than lawful rate are void as to unpaid interest and debtor may recover twice amount of interest paid (Const. Art. XIX §13) |
| Interest Rates on Judgments | Rate of interest for contracts in which no rate of interest is agreed upon shall be 6% per annum. (Const. Art. XIX §13) |
| Exceptions | - |
Note: State laws are constantly changing -- contact an attorney or conduct your own legal research to verify the state law(s) you are researching.
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- Official State Codes - Links to the official online statutes (laws) in all 50 states and DC.
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