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Washington Interest Rates Laws
More Information on Interest Rate Laws
| Legal Maximum Rate of Interest | 12% absent written contract rate (§19.52.010(1)) |
| Penalty for Usury (Unlawful Interest Rate) | Debtor entitled to costs, attorney's fees, and twice amount paid in excess of what lender is entitled to (§19.52.030(1)) |
| Interest Rates on Judgments | Contract rate as long as within statutory limit or maximum rate; child support, 12% (§4.56.110) |
| Exceptions | Broker dealers (§19.52.110); retail installment contract or transaction (§19.52.100, §19.52.130); sales contract providing for deferred payment (§19.52.120); financing of mobile homes (§19.52.160) |
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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