2019 Connecticut General Statutes
Title 37 - Interest
Chapter 673* - Interest
- Section 37-1 - Legal rate. Accrual as addition to debt.
- Section 37-1a - Payment of interest on commercial loans in excess of ten thousand dollars.
- Section 37-2 - No recovery after payment.
- Section 37-3 - Rate recoverable as damages.
- Section 37-3a - Rate recoverable as damages. Rate on debt arising out of hospital services.
- Section 37-3b - Rate of interest recoverable in negligence actions.
- Section 37-3c - Rate of interest recoverable in condemnation cases.
- Section 37-4 - Loans at greater rate than twelve per cent prohibited.
- Section 37-5 - Notes not to be accepted for greater amounts than loaned.
- Section 37-6 - Certain expenses not to be charged to the borrower.
- Section 37-7 - Penalty.
- Section 37-8 - Actions not to be brought on prohibited loans.
- Section 37-9 - Loans to which prohibitions do not apply.
- Section 37-10 - Transferred
*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.
