{ "metadata": { "source": "MyInvoiceTemplate", "title": "US State Late-Payment Interest Rates — 50 States + DC (2026)", "canonicalUrl": "https://myinvoicetemplate.com/tools/late-fee-calculator/#state-rates-title", "datasetUrl": "https://myinvoicetemplate.com/data/late-payment-interest-by-state-2026.json", "license": "CC BY 4.0", "licenseUrl": "https://creativecommons.org/licenses/by/4.0/", "lastVerified": "2026-08-19", "recordCount": 51, "methodology": "Distilled from statute-verified research (51 US jurisdictions, each researched and adversarially verified against official sources). 'Default' = legal rate when a B2B contract is silent; 'maxWritten' = ceiling a written B2B contract may charge. Not legal advice.", "note": "Re-verified against official sources on 2026-08-19 (per-row lastVerified governs). Distilled from statute-verified research (51 jurisdictions, each researched + adversarially verified against official sources, June 2026). Source of truth: late-fee-research-master.json in repo root (local). Do NOT edit rates here without re-verifying against the cited statute." }, "states": [ { "state": "Alabama", "rate": "6%", "rateDetail": "Default when there is no written rate; runs from the day payment was due.", "rateCurrent": null, "maxWritten": "8% written-contract cap — but any agreed rate is allowed when the deal is $2,000 or more (covers most B2B invoices).", "cite": "Ala. Code §§ 8-8-1, 8-8-5", "url": "https://alison.legislature.state.al.us/code-of-alabama", "b2b": { "bucket": "conditional", "capShort": "8% (deals under $2,000)", "note": "8% written cap, but any agreed rate is lawful once the deal is $2,000+ (covers most invoices); usury defense barred above that. Under $2,000 stays at 8%.", "basis": "Ala. Code §§ 8-8-1, 8-8-5" }, "statuteQuote": { "text": "Except as otherwise provided by law, the maximum rate of interest upon the loan or forbearance of money, goods, or things in action, except by written contract is $6 upon $100 for one year, and the rate of interest by written contract is not to exceed $8 upon $100 for one year [...]", "cite": "Ala. Code § 8-8-1 (Code of Alabama 1975, Title 8, Ch. 8, Section 8-8-1 \"Maximum Rates of Interest - Generally.\")", "source": "https://alison.legislature.state.al.us/code-of-alabama?section=8-8-1" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "Alaska", "rate": "10.5%", "rateDetail": "Statutory legal rate on money after it is due when no written rate is set.", "rateCurrent": null, "maxWritten": "Greater of 10% or Fed 12th District rate +5 pts — but contracts over $25,000 are exempt (any agreed rate).", "cite": "AS 45.45.010", "url": "https://www.akleg.gov/basis/statutes.asp#45.45.010", "b2b": { "bucket": "conditional", "capShort": "~10% floating (deals $25,000 or less)", "note": "Cap = greater of 10% or Fed 12th-Dist rate +5 pts. Only contracts OVER $25,000 escape it, so a typical smaller invoice stays under the ~10%+ floating ceiling.", "basis": "AS 45.45.010(b)" }, "statuteQuote": { "text": "(a) The rate of interest in the state is 10.5 percent a year and no more on money after it is due [...] (b) Interest may not be charged [...] more than the greater of 10 percent or five percentage points above the annual rate charged member banks for advances by the 12th Federal Reserve District [...] A contract or loan commitment in which the principal amount exceeds $25,000 is exempt from the limitation of this subsection.", "cite": "AS 45.45.010(a), (b) (Alaska Statutes 2025)", "source": "https://www.akleg.gov/basis/statutes.asp?media=print&secStart=45.45.010&secEnd=45.45.010" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "Arizona", "rate": "10%", "rateDetail": "Legal rate when no rate is agreed in writing.", "rateCurrent": null, "maxWritten": "No cap — any rate agreed in writing is lawful.", "cite": "A.R.S. §§ 44-1201, 44-1202", "url": "https://www.azleg.gov/ars/44/01201.htm", "b2b": { "bucket": "no-cap", "capShort": null, "note": "No usury ceiling: any rate is lawful if agreed in writing. The 10% figure is only a gap-filler when the contract sets no rate.", "basis": "A.R.S. §§ 44-1201, 44-1202" }, "statuteQuote": { "text": "For any loan, indebtedness or obligation other than medical debt, interest shall be at the rate of ten percent a year, unless a different rate is contracted for in writing, in which event any rate of interest may be agreed to.", "cite": "A.R.S. § 44-1201(A)(2)", "source": "https://www.azleg.gov/ars/44/01201.htm" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "Arkansas", "rate": "6%", "rateDetail": "Default when the contract is silent; in litigation, court-awarded interest follows the contract rate or Fed primary credit rate +2%, whichever is greater.", "rateCurrent": null, "maxWritten": "17% per year — constitutional cap (amend. 89, § 3); no business exemption. Usurious contracts are void as to principal and interest.", "cite": "Ark. Const. amend. 89; Ark. Code Ann. § 4-57-101(d)", "url": "https://www.sos.arkansas.gov/uploads/elections/Arkansas_Election_Laws_and_Constitution_2025_Edition.pdf", "b2b": { "bucket": "capped", "capShort": "17% (constitutional)", "note": "Hard 17%/yr constitutional cap on all contracts; no business exemption. A clause above 17% makes the contract void as to BOTH principal and interest.", "basis": "Ark. Const. amend. 89 §§ 3, 6" }, "statuteQuote": { "text": "The maximum lawful rate of interest on loans or contracts not described in Sections 1 and 2 shall not exceed seventeen percent (17%) per annum. [...] All contracts under Section 3 having a rate of interest in excess of the maximum lawful rate shall be void as to principal and interest", "cite": "Ark. Const. amend. 89, §§ 3, 6(b)", "source": "https://www.sos.arkansas.gov/uploads/elections/Arkansas_Election_Laws_and_Constitution_2025_Edition.pdf" }, "lastVerified": "2026-08-19", "sourceType": "constitution" }, { "state": "California", "rate": "10%", "rateDetail": "Default on contract debts after breach when the contract is silent; runs from the date a fixed sum became due.", "rateCurrent": null, "maxWritten": "Usury law reaches only loans/forbearance — not bona fide trade-credit terms. For true business loans: higher of 10% or FRBSF discount rate +5 pts, with broad exemptions (e.g. $300,000+ entity credit, licensed lenders).", "cite": "Cal. Civ. Code § 3289(b); Cal. Const. art. XV, § 1", "url": "https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CIV§ionNum=3289.", "b2b": { "bucket": "no-cap", "capShort": null, "note": "Usury reaches only loans/forbearance, not bona fide trade credit. A finance charge on a real B2B invoice is unconstrained; set the rate by written agreement.", "basis": "Cal. Const. art. XV §1; Civ. Code §3289" }, "statuteQuote": { "text": "(b) If a contract entered into after January 1, 1986, does not stipulate a legal rate of interest, the obligation shall bear interest at a rate of 10 percent per annum after a breach.", "cite": "Cal. Civ. Code § 3289(b)", "source": "https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CIV§ionNum=3289." }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "Colorado", "rate": "8%", "rateDetail": "Compounded annually; runs from when the money became due on instruments, settled accounts, and money due on account.", "rateCurrent": null, "maxWritten": "Up to 45% per year may be stipulated in writing — the cap applies to business deals too.", "cite": "C.R.S. §§ 5-12-101 to -103", "url": "https://leg.colorado.gov/sites/default/files/images/olls/crs2024-title-05.pdf", "b2b": { "bucket": "capped", "capShort": "45%", "note": "Up to 45%/yr may be stipulated in writing; the cap binds business deals too and 45% is also the criminal-usury line. Narrow 'commercial credit plan' carve-out exists.", "basis": "C.R.S. §§ 5-12-103, 18-15-104" }, "statuteQuote": { "text": "When there is no agreement as to the rate thereof, creditors shall be allowed to receive interest at the rate of eight percent per annum compounded annually for all moneys after they become due on any bill, bond, promissory note, or other instrument of writing [...] but not exceeding forty-five percent per annum", "cite": "C.R.S. §§ 5-12-102(2), 5-12-103(1) (Colorado Revised Statutes 2024, Title 5, official OLLS printout, pp. 121-122)", "source": "https://leg.colorado.gov/sites/default/files/images/olls/crs2024-title-05.pdf" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "Connecticut", "rate": "10%", "rateDetail": "Court-awarded (discretionary) on money wrongfully withheld, from when it became payable; absent any agreement to the contrary the legal rate is 8% a year, and interest at the legal rate accrues as an addition to the debt from the date the debt matures.", "rateCurrent": null, "maxWritten": "12% general cap — but commercial loans are largely exempt under § 37-9 tiers (e.g. $10k–$250k: deposit index +17%).", "cite": "Conn. Gen. Stat. §§ 37-1, 37-3a, 37-4, 37-9", "url": "https://www.cga.ct.gov/current/pub/chap_673.htm", "b2b": { "bucket": "conditional", "capShort": "12% (debt $10k or less)", "note": "12% cap; commercial LOAN tiers lift it ($10k-$250k: deposit index+17%; over $250k: none). Small invoices and the trade-invoice (not a 'loan') case stay at 12%.", "basis": "Conn. Gen. Stat. §§ 37-4, 37-9" }, "statuteQuote": { "text": "Except as provided in sections 37-3b, 37-3c and 52-192a, interest at the rate of ten per cent a year, and no more, may be recovered and allowed in civil actions or arbitration proceedings under chapter 909, including actions to recover money loaned at a greater rate, as damages for the detention of money after it becomes payable.", "cite": "Conn. Gen. Stat. § 37-3a(a) (Gen. Stat. of Conn., rev. to Jan. 1, 2025; no 2025- or 2026-session amendment to Title 37)", "source": "https://www.cga.ct.gov/current/pub/chap_673.htm" }, "lastVerified": "2026-08-21", "rateKind": "court-awarded", "sourceType": "statute" }, { "state": "Delaware", "rate": "Variable", "rateDetail": "Fed discount rate +5 pts, fixed as of when interest became due; simple interest on invoice debts.", "rateCurrent": { "label": "8.75% (since Dec 11, 2025)", "url": "https://courts.delaware.gov/forms/download.aspx?id=27048" }, "maxWritten": "Business entities cannot plead usury at all (§ 2306 bars any corporation, LLC, LP, statutory trust or business trust from interposing the defense), and loans over $100,000 not secured by a mortgage on a principal residence are expressly uncapped (§ 2301(c)); the discount rate +5 pts written ceiling in § 2301(a) reaches only deals outside those two carve-outs.", "cite": "6 Del. C. §§ 2301, 2306", "url": "https://delcode.delaware.gov/title6/c023/", "b2b": { "bucket": "no-cap", "capShort": null, "note": "6 Del. C. § 2306 bars any corporation, limited partnership, statutory trust, business trust or LLC from interposing the defense of usury in any action, so an entity debtor has no usury argument to make. Separately, § 2301(c) removes any rate limitation where the amount loaned or used exceeds $100,000 and repayment is not secured by a mortgage against a borrower's principal residence — that exemption turns on amount and collateral only, not on entity type. Note that § 2306's list does not name individuals or general partnerships; the section itself contrasts entities having 'powers and privileges of corporations not possessed by individuals or partnerships', so a sole-proprietor customer is not covered by that bar.", "basis": "6 Del. C. §§ 2301(c), 2306" }, "statuteQuote": { "text": "Any lender may charge and collect from a borrower interest at any rate agreed upon in writing not in excess of 5% over the Federal Reserve discount rate including any surcharge thereon. Where there is no expressed contract rate, the legal rate of interest shall be 5% over the Federal Reserve discount rate [...] as of the time from which interest is due", "cite": "6 Del. C. § 2301(a)", "source": "https://delcode.delaware.gov/title6/c023/index.html" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "District of Columbia", "rate": "6%", "rateDetail": "Default absent an expressed rate; on liquidated debts interest runs from the due date.", "rateCurrent": null, "maxWritten": "24% written cap — but business-purpose loans over $2,500 are fully exempt (any agreed rate).", "cite": "D.C. Code §§ 28-3301, 28-3302, 15-108", "url": "https://code.dccouncil.gov/us/dc/council/code/sections/28-3302", "b2b": { "bucket": "conditional", "capShort": "24% (deals $2,500 or less)", "note": "24% written cap, but a business-purpose loan OVER $2,500 (not home-secured) may carry any rate. At/under $2,500 the 24% cap applies.", "basis": "D.C. Code § 28-3301(a),(d)(1)(B)" }, "statuteQuote": { "text": "The rate of interest in the District upon the loan or forbearance of money, goods, or things in action in the absence of expressed contract, is 6% per annum.", "cite": "D.C. Code § 28-3302(a)", "source": "https://code.dccouncil.gov/us/dc/council/code/sections/28-3302" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "Florida", "rate": "Variable", "rateDetail": "Set quarterly by the state CFO (NY Fed discount 12-month average +400 bps); applies when the contract is silent.", "rateCurrent": { "label": "8.06% (Jul–Sep 2026)", "url": "https://www.myfloridacfo.com/division/aa/audits-reports/judgment-interest-rates" }, "maxWritten": "18% for obligations of $500,000 or less; above $500,000 the bound is the 25% criminal-usury line. No general business exemption.", "cite": "Fla. Stat. §§ 687.01, 55.03, 687.02–.03", "url": "https://www.flsenate.gov/Laws/Statutes/2024/687.01", "b2b": { "bucket": "capped", "capShort": "18%", "note": "18%/yr cap on obligations of $500,000 or less (the ordinary case); no general business exemption. Only deals over $500k rise to the 25% criminal-usury line.", "basis": "Fla. Stat. §§ 687.02-.03, 687.071" }, "statuteQuote": { "text": "All contracts for the payment of interest [...] at a higher rate of interest than the equivalent of 18 percent per annum simple interest are hereby declared usurious. However, if such loan [...] or obligation exceeds $500,000 in amount or value, then no contract to pay interest thereon is usurious unless the rate of interest exceeds the rate prescribed in s. 687.071.", "cite": "Fla. Stat. § 687.02(1) (2025 Florida Statutes, flsenate.gov)", "source": "https://www.flsenate.gov/Laws/Statutes/2025/687.02" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "Georgia", "rate": "7%", "rateDetail": "Legal rate on liquidated demands when no written rate; on commercial accounts a creditor may charge up to 1.5%/month (18%/yr) on amounts 30+ days past due even without a written rate.", "rateCurrent": null, "maxWritten": "$3,000 or less: 16% cap. More than $3,000 and under $250,000: any rate by written contract, stated in simple interest terms. $250,000 or more: any rate by written contract, simple interest or otherwise.", "cite": "O.C.G.A. §§ 7-4-2, 7-4-16", "url": "https://law.justia.com/codes/georgia/title-7/chapter-4/article-1/section-7-4-2/", "b2b": { "bucket": "conditional", "capShort": "16% (principal $3,000 or less)", "note": "Three bands under § 7-4-2: $3,000 or less — 16% cap, but only 'unless ... made pursuant to another law'; more than $3,000 and under $250,000 — any rate by written contract, stated in simple interest terms; $250,000 or more — any rate by written contract, simple interest or otherwise. Separately, § 7-4-16 lets the owner of a commercial account charge up to 1 1/2 percent per month on the portion that has been due and payable for 30 days or more, with no written rate required.", "basis": "O.C.G.A. §§ 7-4-2, 7-4-16" }, "statuteQuote": { "text": "(a)(1)(A) The legal rate of interest shall be 7 percent per annum simple interest where the rate percent is not established by written contract. Notwithstanding the provisions of other laws to the contrary . . . the parties may establish by written contract any rate of interest, expressed in simple interest terms . . . where the principal amount involved is more than $3,000.00 but less than $250,000.00 . . . . (B) Where the principal amount is $250,000.00 or more, . . . the parties may establish by written contract any rate of interest, expressed in simple interest terms or otherwise, and charges to be paid by the borrower or debtor.", "cite": "O.C.G.A. § 7-4-2(a)(1)(A)-(B), quoted verbatim in Caradigm USA LLC v. PruittHealth, Inc., No. 19-11648, slip op. at 37 (11th Cir. July 10, 2020) (govinfo.gov, U.S. Government Publishing Office)", "source": "https://www.govinfo.gov/content/pkg/USCOURTS-ca11-19-11648/pdf/USCOURTS-ca11-19-11648-0.pdf" }, "lastVerified": "2026-08-21", "prefillNote": "On commercial accounts 30+ days past due, Georgia also allows up to 1.5% per month (18%/yr) even without a written rate — see the note above (O.C.G.A. § 7-4-16).", "sourceType": "statute" }, { "state": "Hawaii", "rate": "10%", "rateDetail": "Legal rate when there is no express written contract fixing a different rate.", "rateCurrent": null, "maxWritten": "No cap for non-consumer transactions — any rate may be stipulated by written contract.", "cite": "HRS §§ 478-2, 478-4(c)", "url": "https://www.capitol.hawaii.gov/hrscurrent/vol11_ch0476-0490/hrs0478/hrs_0478-0002.htm", "b2b": { "bucket": "no-cap", "capShort": null, "note": "No ceiling for non-consumer deals: any rate may be set by written contract. A B2B invoice is neither consumer credit nor a home loan, so it is uncapped.", "basis": "HRS §§ 478-4(c), 478-8" }, "statuteQuote": { "text": "When there is no express written contract fixing a different rate of interest, interest shall be allowed at the rate of ten per cent a year [...] With respect to any transaction other than a consumer credit transaction, a home business loan, or a credit card agreement, it shall be lawful to stipulate by written contract for any rate of interest not otherwise prohibited by law.", "cite": "HRS §478-2 (first clause); HRS §478-4(c)", "source": "https://www.capitol.hawaii.gov/hrscurrent/vol11_ch0476-0490/hrs0478/hrs_0478-0002.htm" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "Idaho", "rate": "12%", "rateDetail": "Legal rate absent a written rate; fixed-sum invoices accrue from the due date; open accounts start 3 months after the last item.", "rateCurrent": null, "maxWritten": "No cap — the finance-charge rate is whatever the parties agree (Idaho Credit Code consumer rules don't reach business credit).", "cite": "Idaho Code §§ 28-22-104, 28-42-201", "url": "https://legislature.idaho.gov/statutesrules/idstat/title28/t28ch22/sect28-22-104/", "b2b": { "bucket": "no-cap", "capShort": null, "note": "No usury cap; the finance-charge rate is whatever the parties agree. Idaho Credit Code rate limits reach only consumer credit, not business debts.", "basis": "Idaho Code §§ 28-42-201, 28-41-301" }, "statuteQuote": { "text": "(1) When there is no express contract in writing fixing a different rate of interest, interest is allowed at the rate of twelve cents (12¢) on the hundred by the year on: [...] 2. Money after the same becomes due. [...] 6. Money due upon open accounts after three (3) months from the date of the last item.", "cite": "Idaho Code § 28-22-104(1)", "source": "https://legislature.idaho.gov/statutesrules/idstat/title28/t28ch22/sect28-22-104/" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "Illinois", "rate": "5%", "rateDetail": "Statutory legal rate on written instruments and money wrongfully withheld when no rate is agreed.", "rateCurrent": null, "maxWritten": "9% nominal written-contract ceiling — but business/commercial credit is broadly exempt (any agreed rate).", "cite": "815 ILCS 205/2, 205/4", "url": "https://www.ilga.gov/legislation/ilcs/fulltext.asp?DocName=081502050K2", "b2b": { "bucket": "no-cap", "capShort": null, "note": "9% nominal cap, but any loan to a corporation and any business-purpose loan may bear any agreed rate. Ordinary B2B credit is effectively uncapped.", "basis": "815 ILCS 205/4(1)(a),(c)" }, "statuteQuote": { "text": "Creditors shall be allowed to receive at the rate of five (5) per centum per annum for all moneys after they become due on any bond, bill, promissory note, or other instrument of writing; on money lent or advanced for the use of another; [...] and on money withheld by an unreasonable and vexatious delay of payment.", "cite": "815 ILCS 205/2 (Interest Act, Sec. 2) (Source: P.A. 90-417, eff. 1-1-98)", "source": "https://www.ilga.gov/Documents/legislation/ilcs/documents/081502050K2.htm" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "Indiana", "rate": "8%", "rateDetail": "Legal rate on overdue contract debts when the contract specifies no rate.", "rateCurrent": null, "maxWritten": "No general civil cap for written B2B contracts — consumer-credit caps don't apply to business-purpose debts.", "cite": "Ind. Code §§ 24-4.6-1-102, -103", "url": "https://iga.in.gov/laws/2024/ic/titles/24", "b2b": { "bucket": "no-cap", "capShort": null, "note": "No civil usury cap on written B2B contracts; consumer caps don't reach business debts. Only outer bound is the 72%/yr criminal loansharking line — far above any trade late fee.", "basis": "Ind. Code §§ 24-4.5-3; 35-45-7-2" }, "statuteQuote": { "text": "Sec. 102. When the parties do not agree on the rate, interest on loans or forbearances of money, goods or things in action shall be at the rate of eight percent (8%) per annum until payment of judgment.", "cite": "Ind. Code § 24-4.6-1-102 (Sec. 102), \"Rate in absence of agreement\" — Indiana Code, Office of Code Revision, Indiana Legislative Services Agency", "source": "https://web.archive.org/web/20111228165017/http://www.in.gov/legislative/ic/code/title24/ar4.6/ch1.html" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "Iowa", "rate": "5%", "rateDetail": "Legal rate absent a written agreement; open accounts start 6 months after the last item. A separate variable rate governs once suit is filed.", "rateCurrent": null, "maxWritten": "Floating cap for ordinary written agreements (10-yr Treasury monthly average +2 pts, set monthly by the Superintendent of Banking) — business credit is exempt.", "cite": "Iowa Code § 535.2", "url": "https://www.legis.iowa.gov/docs/code/535.2.pdf", "b2b": { "bucket": "no-cap", "capShort": null, "note": "Business or agricultural credit is exempt: parties may agree in writing to any rate, with no usury defense or penalty. The floating cap binds only consumer deals.", "basis": "Iowa Code § 535.2(2)(a)(5)" }, "statuteQuote": { "text": "Except as provided in subsection 2, the rate of interest shall be five cents on the hundred by the year in the following cases, unless the parties shall agree in writing [...] The following persons may agree in writing to pay any rate of interest [...] (5) A person borrowing money or obtaining credit for business or agricultural purposes", "cite": "Iowa Code § 535.2(1), (2)(a), (2)(a)(5) (Iowa Code 2026)", "source": "https://www.legis.iowa.gov/docs/code/535.2.pdf" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "Kansas", "rate": "10%", "rateDetail": "Legal rate for money after it becomes due when no other rate is agreed; no waiting period or demand requirement.", "rateCurrent": null, "maxWritten": "15% written cap — but business and agricultural transactions are exempt (any agreed rate).", "cite": "K.S.A. 16-201, 16-207", "url": "https://www.ksrevisor.gov/statutes/chapters/ch16/016_002_0001.html", "b2b": { "bucket": "no-cap", "capShort": null, "note": "15% written cap does NOT apply to business or agricultural transactions (purposes other than personal/family/household) — those may carry any agreed rate.", "basis": "K.S.A. 16-207(a),(e)(5)" }, "statuteQuote": { "text": "Except as provided in subsection (b), creditors shall be allowed to receive interest at the rate of 10% per annum when no other rate of interest is agreed upon, for any money after it becomes due; for money lent or money due on settlement of account, from the day of liquidating the account and ascertaining the balance [...]", "cite": "K.S.A. 16-201(a)", "source": "https://www.ksrevisor.gov/statutes/chapters/ch16/016_002_0001.html" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "Kentucky", "rate": "8%", "rateDetail": "Legal rate, recoverable after default until judgment when the contract names no rate.", "rateCurrent": null, "maxWritten": "Principal of $15,000 or less: lesser of Fed 90-day commercial-paper discount +4 pts or 19%. Over $15,000: any agreed rate.", "cite": "KRS 360.010", "url": "https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=47989", "b2b": { "bucket": "conditional", "capShort": "19% (non-entity, $15,000 or less)", "note": "Over $15,000: any rate. At/under $15,000: lesser of Fed 90-day CP discount+4 pts or 19%. Corp/LLC debtors can't plead usury, so the cap really bites only small sole-prop debts.", "basis": "KRS 360.010(1)" }, "statuteQuote": { "text": "the legal rate of interest is eight percent (8%) per annum, but any party or parties may agree, in writing, for the payment of interest in excess of that rate as follows: (a) At a per annum rate not to exceed four percent (4%) in excess of the discount rate on ninety (90) day commercial paper [...] or nineteen percent (19%), whichever is less, [...] where the original principal amount is fifteen thousand dollars ($15,000) or less; and (b) At any rate [...]", "cite": "KRS 360.010(1)", "source": "https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=47989" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "Louisiana", "rate": "Variable", "rateDetail": "Judicial interest, reset each calendar year by the Commissioner of Financial Institutions (Fed discount rate on first business day of October +3.25 pts); runs from the time the sum was due.", "rateCurrent": { "label": "7.50% (2026)", "url": "https://ofi.la.gov/legal/statutes-rules-policies-opinions/judicial-interest-rates/" }, "maxWritten": "12% maximum conventional rate fixed in writing — but commercial/business obligations are exempt.", "cite": "La. R.S. 9:3500, 13:4202; Civ. Code art. 2000", "url": "https://www.legis.la.gov/legis/Law.aspx?d=107209", "b2b": { "bucket": "no-cap", "capShort": null, "note": "12% conventional cap does NOT apply to commercial/business-purpose obligations; B2B parties may agree to any rate in writing.", "basis": "La. R.S. 9:3500(D), 9:3509" }, "statuteQuote": { "text": "[...] The commissioner of financial institutions shall ascertain, on the first business day of October of each year, the Federal Reserve Board of Governors approved \"discount rate\" published daily in the Wall Street Journal. The effective judicial interest rate for the calendar year following the calculation date shall be three and one-quarter percentage points above the discount rate as ascertained by the commissioner.", "cite": "La. R.S. 13:4202(B)(1)", "source": "https://ofi.la.gov/legal/statutes-rules-policies-opinions/judicial-interest-rates/" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "Maine", "rate": "Variable", "rateDetail": "When the contract is silent: 1-year U.S. Treasury bill rate +3 pts (prejudgment; T-bill +6 pts after judgment). The rate is fixed for the whole year at the Fed's weekly average 1-year constant maturity Treasury yield for the last full week of the PRIOR calendar year (not the current week's H.15 figure). For 2026 the anchor is the week ending December 26, 2025, whose weekly average was 3.51%, so the 2026 figures are 6.51% before judgment and 9.51% after.", "rateCurrent": { "label": "6.51% (2026)", "url": "https://www.federalreserve.gov/releases/h15/" }, "maxWritten": "No general cap for business/commercial credit — Maine's Consumer Credit Code excludes business-purpose extensions of credit.", "cite": "14 M.R.S. §§ 1602-B, 1602-C; 9-A M.R.S. § 1-202(1)", "url": "https://legislature.maine.gov/statutes/14/title14sec1602-B.html", "b2b": { "bucket": "no-cap", "capShort": null, "note": "No general cap on business/commercial credit; the Consumer Credit Code excludes business-purpose extensions and the old usury statute is repealed. Set the rate in writing.", "basis": "9-A M.R.S. § 1-202(1)" }, "statuteQuote": { "text": "prejudgment interest is allowed at the one-year United States Treasury bill rate plus 3%. [...] the weekly average one-year constant maturity Treasury yield, as published by the Board of Governors of the Federal Reserve System, for the last full week of the calendar year immediately prior to the year in which prejudgment interest begins to accrue.", "cite": "14 M.R.S. § 1602-B(3)", "source": "https://legislature.maine.gov/statutes/14/title14sec1602-B.html" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "Maryland", "rate": "6%", "rateDetail": "Constitutional legal rate; recoverable as of right on liquidated sums from the date payment was due.", "rateCurrent": null, "maxWritten": "8% with a signed written agreement — but loans to corporations and commercial loans over $15,000 (unsecured by a residence) or $75,000 (secured) carry any agreed rate.", "cite": "Md. Const. art. III, § 57; Com. Law §§ 12-102, 12-103", "url": "https://msa.maryland.gov/msa/mdmanual/43const/html/03art3.html", "b2b": { "bucket": "capped", "capShort": "6% (8% with signed agreement)", "note": "6% binds an ordinary unpaid invoice (8% only with a signed loan agreement). Corp-loan and $15,000+ commercial-loan exemptions apply only to actual loans — a trade invoice is not a loan.", "basis": "Md. Const. art. III §57; Com. Law §12-103(e)" }, "statuteQuote": { "text": "The Legal Rate of Interest shall be Six per cent per annum, unless otherwise provided by the General Assembly.", "cite": "Md. Const. art. III, § 57", "source": "https://msa.maryland.gov/msa/mdmanual/43const/html/03art3.html" }, "lastVerified": "2026-08-19", "sourceType": "constitution" }, { "state": "Massachusetts", "rate": "6%", "rateDetail": "Default legal rate when there is no agreement or provision of law for a different rate; a higher rate is recoverable in a suit only if the agreement to pay it is in writing. Separately, in contract actions the clerk of the court adds prejudgment interest at the contract rate, if established, or at 12% from the date of breach or demand.", "rateCurrent": null, "maxWritten": "20% criminal-usury ceiling (all-in, including fees) unless the lender notifies the Attorney General; no blanket business exemption.", "cite": "MGL c.231 § 6C; c.107 § 3; c.271 § 49", "url": "https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXV/Chapter107/Section3", "b2b": { "bucket": "capped", "capShort": "20% criminal (all-in)", "note": "20%/yr criminal-usury ceiling, counting all fees and charges; no blanket business exemption. Exceeding it is lawful only if the lender files notice with the Attorney General.", "basis": "MGL c.271 §49; c.107 §3" }, "statuteQuote": { "text": "If there is no agreement or provision of law for a different rate, the interest of money shall be at the rate of six dollars on each hundred for a year, but, except as provided in sections seventy-eight, ninety, ninety-two, ninety-six and one hundred of chapter one hundred and forty, it shall be lawful to pay, reserve or contract for any rate of interest or discount. No greater rate than that before mentioned shall be recovered in a suit unless the agreement to pay it is in writing.", "cite": "Mass. Gen. Laws ch. 107, § 3", "source": "https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXV/Chapter107/Section3" }, "lastVerified": "2026-08-21", "judgmentRate": { "label": "12% in contract actions — added by the clerk from the date of breach or demand, or the contract rate if established", "url": "https://malegislature.gov/Laws/GeneralLaws/PartIII/TitleII/Chapter231/Section6C" }, "sourceType": "statute" }, { "state": "Michigan", "rate": "No automatic rate", "rateDetail": "If the contract is silent, no contractual interest accrues before suit; once a complaint is filed, the judgment-interest formula applies (5-yr Treasury auction average +1 pt, reset semi-annually, compounded annually).", "rateCurrent": { "label": "4.959% (Jul–Dec 2026)", "url": "https://www.michigan.gov/taxes/interest-rates-for-money-judgments" }, "maxWritten": "7% nominal cap — but corporations and business entities may agree in writing to any rate (usury defense barred); outer criminal line is 25%.", "cite": "MCL 438.31, 438.61, 450.1275; MCL 600.6013", "url": "https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-438-31", "b2b": { "bucket": "capped", "capShort": "25% criminal", "note": "Corporations/business entities may agree to any rate (civil usury defense barred), but the 25%/yr criminal-usury cap still binds them — that is the real B2B ceiling.", "basis": "MCL 450.1275, 438.61, 438.41" }, "statuteQuote": { "text": "The interest of money shall be at the rate of $5.00 upon $100.00 for a year, [...] except that in all cases it shall be lawful for the parties to stipulate in writing for the payment of any rate of interest, not exceeding 7% per annum.", "cite": "Mich. Comp. Laws § 438.31 (Act 326 of 1966, Sec. 1; Am. 1970, Act 227)", "source": "https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-438-31" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "Minnesota", "rate": "6%", "rateDetail": "Legal rate when no rate is contracted in writing. Once a claim/suit is noticed, a separate court-set rate applies (2026: 4% up to $50,000; 10% above).", "rateCurrent": null, "maxWritten": "8% general cap — but written credit of $100,000+ is uncapped, and smaller business loans may charge Fed 90-day commercial-paper discount +4.5 pts.", "cite": "Minn. Stat. §§ 334.01, 334.011; § 549.09", "url": "https://www.revisor.mn.gov/statutes/cite/334.01", "b2b": { "bucket": "conditional", "capShort": "Fed 90-day CP discount +4.5% (under $100k)", "note": "Credit of $100,000+ is uncapped. Business loans under $100k get a higher floating ceiling (Fed 90-day CP discount +4.5 pts), so an ordinary smaller invoice is still capped.", "basis": "Minn. Stat. §§ 334.01 subd.2, 334.011" }, "statuteQuote": { "text": "The interest for any legal indebtedness shall be at the rate of $6 upon $100 for a year, unless a different rate is contracted for in writing. No person shall directly or indirectly take or receive [...] any greater sum, or any greater value, for the loan or forbearance of money, goods, or things in action, than $8 on $100 for one year.", "cite": "Minn. Stat. § 334.01, subd. 1", "source": "https://www.revisor.mn.gov/statutes/cite/334.01" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "Mississippi", "rate": "8%", "rateDetail": "Legal rate on notes, accounts and contracts when no rate is agreed.", "rateCurrent": null, "maxWritten": "Any rate agreed in writing when the principal exceeds $2,000. Otherwise tiered caps: greater of 10% or Fed discount +5 pts (general); greater of 15% or discount +5 pts for business entities on deals over $2,500.", "cite": "Miss. Code Ann. § 75-17-1", "url": "https://www.lexisnexis.com/hottopics/mscode/", "b2b": { "bucket": "conditional", "capShort": "any written rate over $2,000", "note": "Any obligation OVER $2,000 may carry any finance charge agreed in writing (no ceiling) — covers most invoices. At/under $2,000: cap of greater of 10% or Fed discount +5 pts.", "basis": "Miss. Code Ann. § 75-17-1(5),(2)" }, "statuteQuote": { "text": "(1) The legal rate of interest on all notes, accounts and contracts shall be eight percent (8%) per annum [...] (5) [...] any borrower or debtor may contract for and agree to pay [...] any finance charge agreed to in writing by the parties [...] under which the principal balance to be repaid originally exceeds Two Thousand Dollars ($2,000.00)", "cite": "Miss. Code Ann. § 75-17-1(1), (5) (text as amended by 2001 Miss. Laws ch. 317, S.B. 2172, eff. July 1, 2001; enrolled bill text published by the Mississippi Legislature; no amendment to § 75-17-1 in any regular session through 2026 per the Legislature's code-section index)", "source": "https://billstatus.ls.state.ms.us/documents/2001/html/SB/2100-2199/SB2172SG.htm" }, "lastVerified": "2026-08-19", "sourceType": "session-law" }, { "state": "Missouri", "rate": "9%", "rateDetail": "On written contracts, from the due date; on open accounts, after the debt is due AND payment has been demanded.", "rateCurrent": null, "maxWritten": "10% cap (or the state-published market rate if higher — Q3 2026 market rate is 7.99%, so 10% governs). Exempt: loans to corporations/partnerships/LLCs and any extension of credit primarily for agricultural, business, or commercial purposes (no dollar minimum) — any agreed written rate.", "cite": "RSMo 408.020, 408.030, 408.035", "url": "https://revisor.mo.gov/main/OneSection.aspx?section=408.020", "b2b": { "bucket": "no-cap", "capShort": null, "note": "RSMo 408.035 lets parties agree in writing to any rate of interest and fees on a loan to a corporation, general partnership, limited partnership or LLC (1) and on any extension of credit primarily for agricultural, business or commercial purposes (2) — no dollar minimum, so B2B trade credit is outside the 10% ceiling regardless of amount or of whether the debtor is an entity or a sole proprietor. The exemption requires a written agreement; with no writing, the 9% default under 408.020 applies.", "basis": "RSMo 408.035(1)-(2)" }, "statuteQuote": { "text": "Notwithstanding the provisions of any other law to the contrary, it is lawful for the parties to agree in writing to any rate of interest, fees, and other terms and conditions in connection with any: (1) Loan to a corporation, general partnership, limited partnership or limited liability company; (2) Extension of credit primarily for agricultural, business, or commercial purposes;", "cite": "RSMo § 408.035(1)-(2) — \"Unlimited interest, when allowed.\" (version effective Aug. 28, 2024; A.L. 2024 S.B. 1359)", "source": "https://revisor.mo.gov/main/OneSection.aspx?section=408.035" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "Montana", "rate": "10%", "rateDetail": "Legal rate after the money becomes due (instruments, accounts stated, settled accounts) when no written rate is fixed.", "rateCurrent": null, "maxWritten": "Greater of 15% or Fed H.15 prime +6 pts (dated 3 business days before signing) — prime +6 is currently below the 15% floor, so 15% governs.", "cite": "MCA 31-1-106, 31-1-107", "url": "https://mca.legmt.gov/bills/mca/title_0310/chapter_0010/part_0010/section_0060/0310-0010-0010-0060.html", "b2b": { "bucket": "capped", "capShort": "15% (floor)", "note": "Cap = greater of 15% or Fed H.15 prime +6 pts; no broad business exemption (only regulated lenders escape). Prime+6 is below 15% now, so 15%/yr binds ordinary B2B.", "basis": "Mont. Code Ann. § 31-1-107" }, "statuteQuote": { "text": "Parties may agree in writing to the payment of any rate of interest that does not exceed the greater of 15% or an amount that is 6 percentage points per year above the prime rate published by the federal reserve system in its statistical release H.15 [...] dated 3 business days prior to the execution of the agreement.", "cite": "Mont. Code Ann. § 31-1-107(1)", "source": "https://mca.legmt.gov/bills/mca/title_0310/chapter_0010/part_0010/section_0070/0310-0010-0010-0070.html" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "Nebraska", "rate": "12%", "rateDetail": "On written instruments and settled accounts; on unsettled accounts each charge bears interest from the billing date unless paid within 30 days.", "rateCurrent": null, "maxWritten": "16% general cap — but exempt: entity borrowers, business/agricultural-purpose loans, and deals at or above $100,000 (raised from $25,000 by Laws 2026, LB717, § 27, operative July 18, 2026) — any agreed rate.", "cite": "Neb. Rev. Stat. §§ 45-104, 45-101.03, 45-101.04", "url": "https://nebraskalegislature.gov/laws/statutes.php?statute=45-104", "b2b": { "bucket": "no-cap", "capShort": null, "note": "16% cap does not apply to entity borrowers OR business/agricultural-purpose loans, so ordinary B2B is effectively uncapped (dollar threshold is a separate, additional exemption).", "basis": "Neb. Rev. Stat. § 45-101.04" }, "statuteQuote": { "text": "Unless otherwise agreed, interest shall be allowed at the rate of twelve percent per annum on money due on any instrument in writing, or on settlement of the account [...] Unless otherwise agreed or provided by law, each charge with respect to unsettled accounts between parties shall bear interest from the date of billing unless paid within thirty days from the date of billing.", "cite": "Neb. Rev. Stat. § 45-104", "source": "https://nebraskalegislature.gov/laws/statutes.php?statute=45-104" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "Nevada", "rate": "Variable", "rateDetail": "Prime rate at Nevada's largest bank +2 pts, fixed semi-annually (Jan 1 / Jul 1) for money from the time it becomes due.", "rateCurrent": { "label": "8.75% (Jul–Dec 2026)", "url": "https://fid.nv.gov/Resources/Fees_and_Prime_Interest_Rate/" }, "maxWritten": "No cap — any rate agreed in writing is lawful.", "cite": "NRS 99.040, 99.050", "url": "https://www.leg.state.nv.us/NRS/NRS-099.html#NRS099Sec040", "b2b": { "bucket": "no-cap", "capShort": null, "note": "No general usury cap; parties to a written contract may agree to any rate. The only ceiling (36% APR) applies solely to military consumer credit, not B2B.", "basis": "NRS 99.050(1)" }, "statuteQuote": { "text": "[...] interest must be allowed at a rate equal to the prime rate at the largest bank in Nevada [...] plus 2 percent, upon all money from the time it becomes due [...] parties may agree for the payment of any rate of interest on money due or to become due on any contract [...]", "cite": "Nev. Rev. Stat. §§ 99.040(1), 99.050(1) (NRS Chapter 99, Rev. 4/15/2026--2025)", "source": "https://www.leg.state.nv.us/NRS/NRS-099.html" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "New Hampshire", "rate": "10%", "rateDetail": "Rate recovered in litigation (pre- and post-judgment): 26-week T-bill discount rate +2 pts, set annually by the State Treasurer. A fixed 10% residual default applies to business transactions outside that context.", "rateCurrent": null, "maxWritten": "No cap for business transactions agreed in writing (consumer credit is the only carve-out).", "cite": "RSA 336:1", "url": "https://gc.nh.gov/rsa/html/XXXI/336/336-1.htm", "b2b": { "bucket": "no-cap", "capShort": null, "note": "No numeric usury cap on business transactions agreed in writing; rate limits are reserved for consumer credit. Set the B2B rate in writing.", "basis": "RSA 336:1, I" }, "statuteQuote": { "text": "I. The annual rate of interest in all business transactions in which interest is paid or secured, unless otherwise agreed upon in writing, shall equal 10 percent. No consumer credit transaction, as defined in RSA 358-K:1, V, shall be subject to this paragraph. If agreed upon in writing, interest on business transactions may include charging other than simple interest.", "cite": "N.H. Rev. Stat. Ann. (RSA) 336:1, I", "source": "https://gc.nh.gov/rsa/html/XXXI/336/336-1.htm" }, "lastVerified": "2026-08-21", "judgmentRate": { "label": "5.7% (2026) — litigation rate (pre- and post-judgment), T-bill +2 pts, set annually", "url": "https://www.treasury.nh.gov/transparency/interest-rates-judgments" }, "sourceType": "statute" }, { "state": "New Jersey", "rate": "Variable", "rateDetail": "Post-judgment interest under Court Rule 4:42-11(a): the annual rate equals the average rate of return of the State of New Jersey Cash Management Fund (State accounts) for the preceding fiscal year, to the nearest whole or one-half percent, but not less than 0.25%; judgments exceeding the Special Civil Part monetary limit ($20,000) bear that rate plus 2% per annum. Set annually by AOC notice.", "rateCurrent": { "label": "4.5% / 6.5% (2026)", "url": "https://www.njcourts.gov/notices/notice-post-judgment-interest-rate-calendar-year-2026-rule-442-11" }, "maxWritten": "16% written civil cap on paper — but corporate borrowers cannot plead usury and deals of $50,000+ are exempt; criminal ceiling 50% (entities) / 30% (individuals).", "cite": "N.J. Ct. R. 4:42-11; N.J.S.A. 31:1-1, 31:1-6; 2C:21-19", "url": "https://njcourts.gov/attorneys/assets/rules/r4-42.pdf", "b2b": { "bucket": "capped", "capShort": "50% criminal (entity)", "note": "16% civil cap is unenforceable vs corporations/LLCs/LLPs, and deals $50k+ escape it, but criminal usury still caps B2B: 50%/yr to an entity, 30%/yr to an individual.", "basis": "N.J.S.A. 31:1-1(e), 31:1-6, 2C:21-19" }, "statuteQuote": { "text": "(a) Post Judgment Interest. Except as otherwise ordered by the court or provided by law, judgments, awards and orders for the payment of money, taxed costs and attorney's fees shall bear simple interest as follows: [...] (ii) For judgments not exceeding the monetary limit of the Special Civil Part at the time of entry, regardless of the court in which the action was filed: commencing January 2, 1986 and for each calendar year thereafter, the annual rate of interest shall equal the average rate of return, to the nearest whole or one-half percent, for the corresponding preceding fiscal year terminating on June 30, of the State of New Jersey Cash Management Fund (State accounts) as reported by the Division of Investment in the Department of the Treasury, but the rate shall be not less than 0.25%. (iii) For judgments exceeding the monetary limit of the Special Civil Part at the time of entry: in the manner provided for in subparagraph (a)(ii) of this Rule until September 1, 1996; thereafter, at the rate provided in subparagraph (a)(ii) plus 2% per annum.", "cite": "N.J. Ct. R. 4:42-11(a), (a)(ii), (a)(iii) (Rules Governing the Courts of the State of New Jersey, Rule 4:42-11 \"Interest; Rate on Judgments; in Tort Actions\"; paragraph (a)(ii) amended July 22, 2014 to be effective September 1, 2014)", "source": "https://www.njcourts.gov/attorneys/rules-of-court?id=4:42-11&title=interest-rate-judgments-tort-actions&c=26" }, "lastVerified": "2026-08-21", "sourceType": "court-rule" }, { "state": "New Mexico", "rate": "Up to 15%", "rateDetail": "When no written rate is fixed; courts typically award the full 15% on matured sums from the day the balance is ascertained.", "rateCurrent": null, "maxWritten": "No cap when the debtor is a business entity (express statutory exclusion); no ceiling for other debtors either — 15% is only a default and on open accounts the parties may set a higher rate by agreement. The 36% APR cap binds only licensed small-loan / bank-installment lenders.", "cite": "NMSA 1978 §§ 56-8-3, 56-8-5, 56-8-9", "url": "https://nmonesource.com/nmos/nmsa/en/item/4418/index.do", "b2b": { "bucket": "no-cap", "capShort": null, "note": "No maximum-rate law applies at all when the debtor is a corporation, LLC or other business entity; and on an open account the parties may agree to a rate above the 15% default, so B2B trade credit has no ceiling. The 36% APR cap reaches only licensed small-loan/bank-installment lenders.", "basis": "NMSA 1978 §§ 56-8-9(B), 56-8-5, 56-8-21" }, "statuteQuote": { "text": "No provision of law prescribing maximum rates of interest that may be charged in any transaction shall apply to a transaction in which a corporation, limited liability corporation or other business entity is a debtor, regardless of the purpose for which the corporation was formed [...]", "cite": "NMSA 1978 § 56-8-9(B)", "source": "https://nmonesource.com/nmos/nmsa/en/4418/1/document.do" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "New York", "rate": "9%", "rateDetail": "Statutory prejudgment rate on contract debts (simple), from the earliest date the claim existed. The 2% consumer-debt rate does not apply to B2B.", "rateCurrent": null, "maxWritten": "16% civil / 25% criminal usury caps — loans of $250,000+ escape the civil cap, $2.5M+ escape both; corporations cannot plead civil usury (effective ceiling ≈25%).", "cite": "CPLR 5004; GOL 5-501; Penal Law 190.40", "url": "https://www.nysenate.gov/legislation/laws/CVP/5004", "b2b": { "bucket": "capped", "capShort": "25% criminal (effective)", "note": "Corporations can't raise the 16% civil cap but CAN raise the 25% criminal cap, so ~25%/yr is the effective B2B ceiling (loans $250k+ escape civil; $2.5M+ escape all).", "basis": "GOL 5-501, 5-521; Penal Law 190.40" }, "statuteQuote": { "text": "Interest shall be at the rate of nine per centum per annum, except where otherwise provided by statute; provided the annual rate of interest to be paid in an action arising out of a consumer debt where a natural person is a defendant shall be two per centum per annum [...]", "cite": "N.Y. C.P.L.R. § 5004(a)", "source": "https://www.nysenate.gov/legislation/laws/CVP/5004" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "North Carolina", "rate": "8%", "rateDetail": "Legal rate; on contract claims the awarded amount bears interest from the date of breach.", "rateCurrent": null, "maxWritten": "No cap on an 'exempt loan' under § 24-9 — loan amount $300,000 or more, a borrower that is not a natural person, or a natural person borrowing primarily for a non-consumer purpose — and there a usury claim or defense is barred. Outside § 24-9, any rate may still be agreed in writing where principal exceeds $25,000 (§ 24-1.1(a)(2)); only principal of $25,000 or less is capped, at the greater of 16% or the six-month T-bill noncompetitive rate + 6%, announced monthly by the Commissioner of Banks (§ 24-1.1(c)).", "cite": "N.C.G.S. §§ 24-1, 24-5, 24-1.1, 24-9", "url": "https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_24/GS_24-1.html", "b2b": { "bucket": "no-cap", "capShort": null, "note": "Any loan to a business entity OR for a business/commercial purpose is an 'exempt loan transaction' — any rate, usury defense barred. The floating cap hits only small consumer-type loans.", "basis": "N.C.G.S. §§ 24-9, 24-1.1(a)" }, "statuteQuote": { "text": "§ 24-1: [...] the legal rate of interest shall be eight percent (8%) per annum [...] and no more. § 24-9(b): [...] any borrower in an exempt loan transaction may agree to pay, and any lender [...] may charge and collect [...] interest at any rate [...]. A claim or defense of usury is prohibited in an exempt loan transaction.", "cite": "N.C.G.S. § 24-1; N.C.G.S. § 24-9(b)", "source": "https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/ByArticle/Chapter_24/Article_1.html" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "North Dakota", "rate": "6%", "rateDetail": "Legal rate for any legal indebtedness unless a different written rate (continues after maturity).", "rateCurrent": null, "maxWritten": "Floating cap: 6-month T-bill average +5.5 pts, published monthly by the banking commissioner (August 2026: 9.154%; floor 7%); most genuine business transactions are exempt.", "cite": "N.D.C.C. 47-14-05, 47-14-09", "url": "https://ndlegis.gov/cencode/t47c14.pdf", "b2b": { "bucket": "conditional", "capShort": "~9% floating (non-entity, $35k or less)", "note": "Loans to a corp/LLC/partnership, and any deal over $35,000, are exempt. A sub-$35k debt owed by a sole prop stays under the floating cap (T-bill+5.5%, 7% floor; ~9% mid-2026).", "basis": "N.D.C.C. § 47-14-09" }, "statuteQuote": { "text": "Interest for any legal indebtedness must be at the rate of six percent per annum unless a different rate not to exceed the rate specified in section 47-14-09 is contracted for in writing. Unless otherwise agreed by the parties in writing, all contracts must bear the same rate of interest after maturity as they bear before maturity.", "cite": "N.D.C.C. § 47-14-05 (Legal rate of interest - Interest after maturity)", "source": "https://ndlegis.gov/cencode/t47c14.pdf" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "Ohio", "rate": "Variable", "rateDetail": "Set annually by the Tax Commissioner (federal short-term rate rounded +3 pts); runs from when the money became due and payable.", "rateCurrent": { "label": "7% (2026)", "url": "https://dam.assets.ohio.gov/image/upload/tax.ohio.gov/individual/2026_Interest_Rates.pdf" }, "maxWritten": "8% written cap — lifted for any \"business loan\" (no dollar floor) and for principal over $100,000: any agreed rate.", "cite": "ORC 1343.03, 5703.47, 1343.01", "url": "https://codes.ohio.gov/ohio-revised-code/section-1343.03", "b2b": { "bucket": "no-cap", "capShort": null, "note": "8% written cap is lifted for any 'business loan' with NO dollar floor (and for principal over $100k), so genuine B2B credit may bear any agreed rate.", "basis": "ORC 1343.01(B)(6),(B)(1)" }, "statuteQuote": { "text": "when money becomes due and payable upon any bond, bill, note, or other instrument of writing, upon any book account, [...] the creditor is entitled to interest at the rate per annum determined pursuant to section 5703.47 of the Revised Code, unless a written contract provides a different rate of interest", "cite": "Ohio Rev. Code § 1343.03(A)", "source": "https://codes.ohio.gov/ohio-revised-code/section-1343.03" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "Oklahoma", "rate": "6%", "rateDetail": "Legal rate absent a contract rate; liquidated sums earn interest from the day the right to recover vested.", "rateCurrent": null, "maxWritten": "10% constitutional ceiling as the residual rule; statutes authorize higher rates for various licensed/consumer lending regimes.", "cite": "15 O.S. § 266; Okla. Const. art. XIV, § 2", "url": "https://oksenate.gov/sites/default/files/2019-12/os15.pdf", "b2b": { "bucket": "capped", "capShort": "10% (constitutional)", "note": "10%/yr constitutional ceiling is the residual rule for ordinary B2B contracts; no blanket business exemption. Higher rates need a specific statute (licensed/consumer regimes).", "basis": "Okla. Const. art. XIV §2; 15 O.S. §266" }, "statuteQuote": { "text": "[...] in the absence of legislation fixing maximum rates of interest, all contracts for a greater rate of interest than ten percent(10%) per annum shall be deemed usurious; provided, further, that in contracts where no rate of interest is agreed upon, the rate shall not exceed six percent (6%) per annum.", "cite": "Okla. Const. art. XIV, § 2", "source": "https://oksenate.gov/sites/default/files/2019-12/oc14.pdf" }, "lastVerified": "2026-08-21", "sourceType": "constitution" }, { "state": "Oregon", "rate": "9%", "rateDetail": "Legal rate on moneys after they become due; open accounts bear interest from the date of the last item.", "rateCurrent": null, "maxWritten": "No cap on trade credit/invoices — the usury cap reaches only money loans of $50,000 or less; larger loans are uncapped.", "cite": "ORS 82.010", "url": "https://www.oregonlegislature.gov/bills_laws/ors/ors082.html", "b2b": { "bucket": "no-cap", "capShort": null, "note": "The usury cap reaches only money LOANS of $50,000 or less. Ordinary trade credit / unpaid invoices aren't loans, so they're uncapped; larger loans are uncapped too.", "basis": "ORS 82.010(3)" }, "statuteQuote": { "text": "[...] is nine percent per annum and is payable on: (a) All moneys after they become due; but open accounts bear interest from the date of the last item thereof. [...] no person shall: (a) Make a business or agricultural loan of $50,000 or less at an annual rate of interest exceeding the greater of 12 percent [...]", "cite": "ORS 82.010(1), (3)(a) (ORS 2025 Edition, ch. 82 \"Interest; Repayment Restrictions\")", "source": "https://www.oregonlegislature.gov/bills_laws/ors/ors082.html" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "Pennsylvania", "rate": "6%", "rateDetail": "Legal rate; on a fixed-sum debt it runs as of right from the date payment was due.", "rateCurrent": null, "maxWritten": "6% cap applies only to loans of $50,000 or less — business loans of any amount are exempt (any agreed rate).", "cite": "41 P.S. §§ 201, 202", "url": "https://www.legis.state.pa.us/cfdocs/legis/LI/uconsCheck.cfm?txtType=HTM&yr=1974&sessInd=0&act=6", "b2b": { "bucket": "no-cap", "capShort": null, "note": "'Business loans of any principal amount' are excluded from the 6% cap, so B2B credit has no usury ceiling; corporations also cannot plead usury.", "basis": "41 P.S. § 201(b)(3)" }, "statuteQuote": { "text": "the maximum lawful rate of interest for the loan or use of money in an amount of fifty thousand dollars ($50,000) or less in all cases where no express contract shall have been made for a less rate shall be six per cent per annum. [...] shall not apply to: [...] (3) business loans of any principal amount.", "cite": "41 P.S. § 201(a), (b)(3) (Loan Interest and Protection Law, Act of Jan. 30, 1974, P.L. 13, No. 6, § 201, as last amended July 8, 2008, P.L. 824, No. 57)", "source": "https://www.legis.state.pa.us/WU01/LI/LI/US/HTM/1974/0/0006..HTM" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "Rhode Island", "rate": "12%", "rateDetail": "Statutory legal rate when no rate is agreed.", "rateCurrent": null, "maxWritten": "Greater of 21% or the domestic prime rate +9 pts — and this cap applies to ordinary B2B deals too (no business exemption).", "cite": "R.I. Gen. Laws §§ 6-26-1, 6-26-2", "url": "https://webserver.rilegislature.gov/Statutes/TITLE6/6-26/6-26-1.htm", "b2b": { "bucket": "capped", "capShort": "21% (or prime+9%)", "note": "Cap = greater of 21% or prime +9 pts, and it DOES apply to ordinary B2B (no business exemption). Only a commercial loan over $1,000,000 with a CPA analysis escapes.", "basis": "R.I. Gen. Laws § 6-26-2" }, "statuteQuote": { "text": "Post judgment interest on any judgment, and interest in all business transactions where interest is secured or paid, shall be computed at the rate of twelve dollars ($12.00) on one hundred dollars ($100) for one year, unless a different rate is expressly stipulated.", "cite": "R.I. Gen. Laws § 6-26-1 (Legal rate of interest — Post judgment interest)", "source": "https://webserver.rilegislature.gov/Statutes/TITLE6/6-26/6-26-1.htm" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "South Carolina", "rate": "8.75%", "rateDetail": "Legal rate on ascertained sums due when no rate is agreed (post-judgment rate is separate: prime +4 pts, 10.75% for 2026).", "rateCurrent": null, "maxWritten": "No cap on written non-consumer contracts — parties may agree to any rate.", "cite": "S.C. Code Ann. §§ 34-31-20, 37-10-106", "url": "https://www.scstatehouse.gov/code/t34c031.php", "b2b": { "bucket": "no-cap", "capShort": null, "note": "No cap on written non-consumer contracts: by express written agreement any rate may be charged. B2B trade credit falls outside the consumer-credit rate limits.", "basis": "S.C. Code Ann. § 37-10-106(1)" }, "statuteQuote": { "text": "In all cases of accounts stated and in all cases wherein any sum or sums of money shall be ascertained and, being due, shall draw interest according to law, the legal interest shall be at the rate of eight and three-fourths percent per annum.", "cite": "S.C. Code Ann. § 34-31-20(A)", "source": "https://www.scstatehouse.gov/code/t34c031.php" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "South Dakota", "rate": "15%", "rateDetail": "Category F default rate when no written rate is fixed, from the day the balance is due/ascertained.", "rateCurrent": null, "maxWritten": "No cap on a rate fixed by written agreement (SDCL 54-3-1.1) — unless a maximum is set elsewhere in the code, and one is: a rate that only appears on a bill, statement, or invoice may not exceed 18%.", "cite": "SDCL 54-3-5, 54-3-16, 54-3-1.1", "url": "https://sdlegislature.gov/Statutes/54-3-5", "b2b": { "bucket": "conditional", "capShort": "18% if the rate only appears on the bill, statement, or invoice; no cap if fixed by written agreement", "note": "A rate fixed by written agreement — a document in physical or electronic form in which the parties have demonstrated their agreement to the rate — has no statutory maximum under SDCL 54-3-1.1. But that section applies only 'unless a maximum interest rate or charge is specifically established elsewhere in the code,' and SDCL 54-3-5 establishes one: a rate that merely appears on a bill, statement, or invoice may not exceed eighteen percent. Unilaterally printing 1.5%/month on an invoice is therefore the capped path, not the uncapped one.", "basis": "SDCL 54-3-1.1; 54-3-5" }, "statuteQuote": { "text": "Unless there is an express contract in writing fixing a different rate or the interest rate clearly appears on the bill, statement, or invoice, interest is payable on all moneys at the Category F rate of interest as established in § 54-3-16 after they become due [...] Any interest rate appearing on a bill, statement, or invoice may not exceed eighteen percent.", "cite": "SDCL 54-3-5", "source": "https://sdlegislature.gov/api/Statutes/Statute/54-3-5?all=true" }, "lastVerified": "2026-08-21", "sourceType": "statute" }, { "state": "Tennessee", "rate": "10%", "rateDetail": "Maximum effective default for uncontracted transactions; courts award prejudgment interest in equity at up to 10%.", "rateCurrent": null, "maxWritten": "Formula rate: lesser of Fed prime +4 pts or 24%, announced weekly by the TN Dept. of Financial Institutions (Aug 18, 2026: 10.75%).", "cite": "Tenn. Code Ann. §§ 47-14-102, -103, -123", "url": "https://law.justia.com/codes/tennessee/title-47/chapter-14/part-1/section-47-14-103/", "b2b": { "bucket": "capped", "capShort": "formula rate (~10.75%, max 24%)", "note": "Floating 'formula rate' caps written contracts (incl. commercial): lesser of Fed prime +4 pts or 24%, published weekly (10.75% as of Aug 18, 2026). No general business exemption.", "basis": "Tenn. Code Ann. §§ 47-14-102, -103" }, "statuteQuote": { "text": "Except as otherwise expressly provided by this chapter or by other statutes, the maximum effective rates of interest are as follows: [...] (2) For all written contracts [...] signed by the party to be charged, and not subject to subdivision (1), the applicable formula rate; and (3) For all other transactions, ten percent (10%) per annum.", "cite": "Tenn. Code Ann. § 47-14-103 (text via FindLaw's Tennessee Code republication; the official Lexis portal is session-gated)", "source": "https://codes.findlaw.com/tn/title-47-commercial-instruments-and-transactions/tn-code-sect-47-14-103.html" }, "lastVerified": "2026-08-19", "rateKind": "ceiling", "capSource": { "label": "TDFI weekly formula rate announcement", "url": "https://www.tn.gov/tdfi/tdfi-how-do-i/info/formula-rate.html" }, "sourceType": "statute" }, { "state": "Texas", "rate": "6%", "rateDetail": "Begins accruing on the 30th day after the amount is due when the contract specifies no rate.", "rateCurrent": null, "maxWritten": "Weekly ceiling (26-week T-bill x2), floor 18% / cap 24% — 28% for business credit. The computed rate is far below the floor, so the live ceiling is 18% as of the week of Aug 17–23, 2026 (OCCC). No exemption lets a commercial loan exceed the applicable ceiling.", "cite": "Tex. Fin. Code §§ 302.002, 303.002, 303.009", "url": "https://statutes.capitol.texas.gov/Docs/FI/htm/FI.302.htm", "b2b": { "bucket": "capped", "capShort": "18% as of Aug 17–23, 2026 (28% statutory max)", "note": "Business/commercial credit is bound by the Ch. 303 ceiling: 26-week T-bill x2, floor 18%, max 24% — lifted to 28% only if the computed rate would exceed 24%. The computed rate is below the floor as of the week of Aug 17–23, 2026, so 18%/yr is the live B2B ceiling. Even a 'qualified commercial loan' may not exceed the applicable ceiling.", "basis": "Tex. Fin. Code §§ 303.002, 303.009(a),(c)" }, "statuteQuote": { "text": "If a creditor has not agreed with an obligor to charge the obligor any interest, the creditor may charge and receive from the obligor legal interest at the rate of six percent a year on the principal amount of the credit extended beginning on the 30th day after the date on which the amount is due.", "cite": "Tex. Fin. Code § 302.002", "source": "https://tcss.legis.texas.gov/resources/FI/htm/FI.302.htm" }, "lastVerified": "2026-08-21", "accrualStartDay": 30, "capSource": { "label": "18.00% weekly ceiling (Aug 17-23, 2026)", "url": "https://occc.texas.gov/publications/interest-rates" }, "sourceType": "statute" }, { "state": "Utah", "rate": "10%", "rateDetail": "Legal rate for contracts (including services and breach claims) unless the parties specify otherwise.", "rateCurrent": null, "maxWritten": "No cap — parties to a lawful contract may agree on any rate.", "cite": "Utah Code § 15-1-1", "url": "https://le.utah.gov/xcode/Title15/Chapter1/15-1-S1.html", "b2b": { "bucket": "no-cap", "capShort": null, "note": "No usury ceiling: parties to a lawful contract may agree on any rate. The 10% figure is only a default when no rate is set.", "basis": "Utah Code § 15-1-1(1)" }, "statuteQuote": { "text": "(1) The parties to a lawful written, verbal, or implied contract may agree upon any rate of interest for the contract [...] (2) Unless the parties to a lawful written, verbal, or implied contract expressly specify a different rate of interest, the legal rate of interest for the contract [...] is 10% per annum.", "cite": "Utah Code § 15-1-1(1), (2)", "source": "https://le.utah.gov/xcode/Title15/Chapter1/15-1-S1.html" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "Vermont", "rate": "12%", "rateDetail": "Legal rate; awarded as of right on liquidated sums from the date the debt became due.", "rateCurrent": null, "maxWritten": "12% general cap — but corporate obligations and business/income-producing financing are exempt (any agreed rate).", "cite": "9 V.S.A. §§ 41a, 46", "url": "https://legislature.vermont.gov/statutes/section/09/004/00041a", "b2b": { "bucket": "no-cap", "capShort": null, "note": "12% cap does not apply to obligations of corporations or financing of an income-producing business/activity — true B2B may carry any agreed rate.", "basis": "9 V.S.A. § 46" }, "statuteQuote": { "text": "Except as specifically provided by law, the rate of interest or the sum allowed for forbearance or use of money shall be 12 percent per annum computed by the actuarial method.", "cite": "9 V.S.A. § 41a(a)", "source": "https://legislature.vermont.gov/statutes/section/09/004/00041a" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "Virginia", "rate": "6%", "rateDetail": "On open accounts with no written credit agreement, interest accrues AUTOMATICALLY from day 61 after the invoice/billing statement is presented and unpaid — no demand needed.", "rateCurrent": null, "maxWritten": "12% general cap — but business/investment loans of $5,000+ are exempt (any agreed rate).", "cite": "Va. Code §§ 6.2-301, 6.2-303, 6.2-317", "url": "https://law.lis.virginia.gov/vacode/title6.2/chapter3/section6.2-301/", "b2b": { "bucket": "conditional", "capShort": "12% (deals under $5,000)", "note": "Business/investment loans of $5,000+ are exempt (any rate; usury defense barred). Below $5,000, or for non-business purposes, the 12% cap applies.", "basis": "Va. Code § 6.2-317, 6.2-303" }, "statuteQuote": { "text": "The legal rate of interest shall be an annual rate of six percent. [...] The seller or provider of goods sold or services provided on an open account shall be entitled to, and may collect, interest at the legal rate upon the unpaid balance if [...] the purchaser [...] fails to make payment in full within 60 days [...]. Such interest shall begin to accrue on the day following such 60-day period.", "cite": "Va. Code § 6.2-301(A), (C)", "source": "https://law.lis.virginia.gov/vacode/title6.2/chapter3/section6.2-301/" }, "lastVerified": "2026-08-19", "accrualStartDay": 61, "sourceType": "statute" }, { "state": "Washington", "rate": "12%", "rateDetail": "Legal rate where no different rate is agreed in writing; applied as prejudgment interest on liquidated claims.", "rateCurrent": null, "maxWritten": "Floating cap: higher of 12% or 26-week T-bill average +4 pts — business transactions are exempt (any agreed rate).", "cite": "RCW 19.52.010, 19.52.020", "url": "https://app.leg.wa.gov/rcw/default.aspx?cite=19.52.010", "b2b": { "bucket": "no-cap", "capShort": null, "note": "Business entities can't plead usury, and no one may plead it for a commercial/business/investment/agricultural-purpose deal — so B2B may exceed the 12% floating cap freely.", "basis": "RCW 19.52.080" }, "statuteQuote": { "text": "(1) Except as provided in subsection (2) of this section, every loan or forbearance of money, goods, or thing in action shall bear interest at the rate of twelve percent per annum where no different rate is agreed to in writing between the parties [...]", "cite": "RCW 19.52.010(1)", "source": "https://app.leg.wa.gov/rcw/default.aspx?cite=19.52.010" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "West Virginia", "rate": "6%", "rateDetail": "Legal rate absent a written rate; once litigated, a court-set rate applies (judgments/decrees entered in 2026: 6.25%; floor 4% / cap 9%).", "rateCurrent": null, "maxWritten": "8% written cap — but business-purpose debts are exempt (entities: any amount; individuals: $20,000+).", "cite": "W. Va. Code §§ 47-6-5, 47-6-11", "url": "https://code.wvlegislature.gov/47-6-5/", "b2b": { "bucket": "no-cap", "capShort": null, "note": "8% cap is removed for business-purpose debts: entity debtors have NO dollar threshold. (A natural-person/sole-prop debtor is exempt only at $20,000+.)", "basis": "W. Va. Code § 47-6-11" }, "statuteQuote": { "text": "Except in cases where it is otherwise specially provided by law, legal interest shall continue to be at the rate of $6 upon $100 for a year, and proportionately for a greater or less sum, or for a longer or shorter time, and no person upon any contract other than a contract in writing shall take for the loan or forbearance of money, or other thing, above the value of such rate [...] Parties may contract in writing for the payment of interest for the loan or forbearance of money at a rate not to exceed $8 upon $100 for a year, and proportionately for a greater or less sum, or for a longer or shorter time, including points expressed as a percentage of the loan divided by the number of years of the loan contract.", "cite": "W. Va. Code § 47-6-5(a), (b)", "source": "https://code.wvlegislature.gov/47-6-5/" }, "lastVerified": "2026-08-21", "judgmentRate": { "label": "6.25% (2026) — judgments/decrees entered in 2026, Fifth Federal Reserve District secondary discount rate +2 pts, floor 4% / cap 9%", "url": "https://www.courtswv.gov/sites/default/pubfilesmnt/2026-01/2026%20Interest%20Rates%20Order.pdf" }, "sourceType": "statute" }, { "state": "Wisconsin", "rate": "5%", "rateDetail": "Legal rate when the contract is silent; runs from the contractual due date (or from demand/suit if no time is set).", "rateCurrent": null, "maxWritten": "12% nominal cap — but s. 138.05 does not apply to any loan or forbearance made on or after Nov. 1, 1981, except a consumer forbearance whose only charge is a late fee; loans to corporations/LLCs and deals of $150,000+ are separately exempt. No ceiling on B2B.", "cite": "Wis. Stat. §§ 138.04, 138.05", "url": "https://docs.legis.wisconsin.gov/statutes/statutes/138/04", "b2b": { "bucket": "no-cap", "capShort": null, "note": "Wis. Stat. s. 138.05 does not reach any loan or forbearance made on or after Nov. 1, 1981; the only carve-back is a consumer (personal, family or household) forbearance whose only charge is a penalty or late charge for nonpayment when due. A business late fee is therefore uncapped. The corporation/LLC exemption (sub. (5)) and the $150,000+ exemption (sub. (7)) are additional, older layers.", "basis": "Wis. Stat. s. 138.05(8)(c), (5), (7)" }, "statuteQuote": { "text": "The rate of interest upon the loan or forbearance of any money, goods or things in action shall be $5 upon the $100 for one year [...] This section does not apply to any loan or forbearance which is made on or after November 1, 1981 [...] except [...] forbearances occurring primarily for personal, family or household purposes [...]", "cite": "Wis. Stat. s. 138.04; s. 138.05(8)(c)", "source": "https://docs.legis.wisconsin.gov/statutes/statutes/138/04" }, "lastVerified": "2026-08-19", "sourceType": "statute" }, { "state": "Wyoming", "rate": "7%", "rateDetail": "Statutory default when no rate is agreed in writing.", "rateCurrent": null, "maxWritten": "No cap for business credit — Wyoming's rate caps live in its consumer-credit code and don't reach commercial transactions.", "cite": "Wyo. Stat. § 40-14-106", "url": "https://wyoleg.gov/statutes/compress/title40.pdf", "b2b": { "bucket": "no-cap", "capShort": null, "note": "Rate caps live only in the consumer-credit code (organization debtors and business purposes are excluded); no general usury statute reaches commercial deals. Any agreed B2B rate is fine.", "basis": "Wyo. Stat. §§ 40-14-204, 40-14-304" }, "statuteQuote": { "text": "(e) If there is no agreement or provision of law for a different rate, the interest of money shall be at the rate of seven percent (7%) per annum.", "cite": "Wyo. Stat. § 40-14-106(e)", "source": "https://wyoleg.gov/NXT/gateway.dll/2026%20Wyoming%20Statutes/2026%20Titles/2270/2296/2297?f=templates&fn=document-frame.htm&2.0" }, "lastVerified": "2026-08-19", "sourceType": "statute" } ] }