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Connecticut Interest Rates Laws
More Information on Interest Rate Laws
| Legal Maximum Rate of Interest | 12% (§37-4) |
| Penalty for Usury (Unlawful Interest Rate) | Loan is not enforceable (§36a-573) |
| Interest Rates on Judgments | Absent agreement to contrary, 8% (§37-1) |
| Exceptions | Loans before September 12, 1911; bank; savings and loan; credit union; certain mortgages; loan for motor vehicle; boat; loan for higher education (§37-9); pawnbroker and loan broker (§21-44) |
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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