Usury Laws by State

Usury Laws by State

Please double check before assuming that the debtor’s state usury laws apply. Recent court rulings have disallowed Arkansas laws from being applied to debtors in their state and allowed national banks to charge the interest rates allowed in their own home state on Credit Cards. The information in the links below was believed to be accurate at the time this page was written but important cases where a lot of money or large number of accounts is involved, please double check with the appropriate state agency or an attorney.

ALABAMA

ALASKA

ARIZONA, the legal rate of interest is 10%.

ARKANSAS

CALIFORNIA

COLORADO, the legal rate of interest is 8%; the general usury limit is 45%. The maximum rate to consumers is 12% per annum.

CONNECTICUT

DELAWARE

DISTRICT OF COLUMBIA

FLORIDA

GEORGIA

HAWAII

IDAHO

ILLINOIS

INDIANA

IOWA

KANSAS

KENTUCKY

LOUISIANA

MAINE

MARYLAND

MASSACHUSETTS

MICHIGAN

MINNESOTA

MISSISSIPPI

MISSOURI

MONTANA

NEBRASKA

NEVADA

NEW HAMPSHIRE

NEW JERSEY

NEW MEXICO, the legal rate of interest is 15%. Judgment rate is fixed by the Court.

NEW YORK, the legal rate of interest is 9%; the general usury limit is 16%.

NORTH CAROLINA</strong>

NORTH DAKOTA

OKLAHOMA

OREGON

PENNSYLVANIA

RHODE ISLAND

SOUTH CAROLINA

SOUTH DAKOTA

TENNESSEE

TEXAS

UTAH

VERMONT

VIRGINIA

WASHINGTON

WEST VIRGINIA

WISCONSIN

WYOMING