Interest Laws of All the States and Territories in the United States

STATES & TERRITORIES. PENALTY OF USURY. LEGAL. SPECIAL.

Alabama Loss of interest 8%

Arizona No penalty 10 No limit.

Arkansas Forfeiture of principal and interest 6 No limit.

California No penalty 10 No limit.

Colorado No penalty 10 No limit.

Connecticut Forfeiture of all interest 6 No limit.

Dakota Forfeiture of contract 7 18%

Delaware Forfeiture of contract 6 6

District of Columbia Forfeiture of all interest 6 10

Florida No penalty 8 No limit.

Georgia Forfeiture of excess 7 12

Idaho $300 fine, or imprisonment six months, or both 10 24

Illinois Forfeiture of all interest 6 8

Indiana Forfeiture of interest and costs 6 10

Iowa Forfeiture of interest and costs 6 10

Kansas Forfeiture of excess over 12% 7 12

Kentucky Forfeiture of all interest 6 8

Louisiana Forfeiture of interest 5 8

Maine No penalty 6 No limit.

Maryland Forfeiture of excess 6 6

Massachusetts No penalty; 6% on judgments 6 No limit.

Michigan Forfeiture of excess 7 10

Minnesota Forfeiture of excess over 7% 7 12

Mississippi No penalty 6 No limit.

Missouri Forfeiture of all interest 6 10

Montana No penalty 10

Nebraska Forfeiture of all interest and costs 10 12

Nevada No penalty 10 No limit.

New Hampshire Forfeit of three times interest received 6 6

New Jersey Forfeit of all interest 6 7

New Mexico No penalty 6 12

New York Forfeiture of contract 7 7

North Carolina Forfeiture of double amount of principal, and $1,000 fine 6% 8%

Ohio Forfeiture of excess 6 8

Oregon Forfeiture of principal, interest and costs 10 12

Pennsylvania Forfeiture of excess, Act of 1858 6 6

Rhode Island Forfeiture, unless by contract 6 No limit.

South Carolina No penalty 7 No limit.

Tennessee Forfeiture of over 6%, and $100 fine 6 10

Texas No penalty 8 12

Utah No penalty 10 7

Vermont Forfeit of excess on Railroad Bonds only 6

Virginia Forfeit of excess. No corporation can plead usury 6 No limit.

Washington Territory No penalty 10 6

West Virginia Forfeit of excess 6 6

Wisconsin Forfeit of all interest 7 10

Wyoming Territory No penalty 10 No limit.