My current location: | Change location

Connecticut Interest Rates Laws




More Information on Interest Rate Laws

Legal Maximum Rate of Interest12% (§37-4)
Penalty for Usury (Unlawful Interest Rate)Loan is not enforceable (§36a-573)
Interest Rates on JudgmentsAbsent agreement to contrary, 8% (§37-1)
ExceptionsLoans 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.

Research the Law:

Related Resources for Interest Rates Laws:

Help Me Find a Qualified Attorney

Contact a qualified attorney in your area.Enter Your Location: (e.g., Chicago, IL or 60611)