2019 Connecticut General Statutes
Title 37 - Interest
Chapter 673* - Interest


*Note: Prior to 1995, this chapter was known as chapter 663. In 1995, it was renumbered by the Revisors as chapter 673 to allow for the creation of titles 36a, The Banking Law of Connecticut, and 36b, Connecticut Securities Law and Business Opportunity Investment Act. Those titles constitute successor provisions to former title 36 and certain sections from title 42.

History of statute; the rate of interest was fixed in 1702 at 6 per cent and so remained until 1872 when parties were permitted to contract for any rate; in 1873 the maximum was fixed at 7 per cent and in 1874 this was made the legal rate in absence of agreement for a lesser rate; in 1877 the rate was fixed at 6 per cent, in the absence of agreement to the contrary. 107 C. 278. Cited. 110 C. 259; 117 C. 253; 125 C. 315.

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