Laws by State
Usury Laws by State 2025
Legal Interest Rate
6%
8%
10%
12%
14%
State | Legal Interest Rate↓ | General Usury Limit | Judgement Rate | |
|---|---|---|---|---|
 | New Mexico | 15% | ||
 | South Dakota | 15% | 12% | |
 | Florida | 12% | 18% | |
 | Idaho | 12% | ||
 | Nevada | 12% | ||
 | Rhode Island | 12% | variable | 12% |
 | Vermont | 12% | 12% | 12% |
 | Washington | 12% | variable | variable |
 | Alaska | 10.5% | 5% | |
 | Arizona | 10% | ||
 | California | 10% | 5% | |
 | Hawaii | 10% | ||
 | Indiana | 10% | 10% | |
 | Iowa | 10% | ||
 | Kansas | 10% | 15% | |
 | Montana | 10% | variable | 10% |
 | New Hampshire | 10% | ||
 | Tennessee | 10% | variable | 10% |
 | Utah | 10% | 12% | |
 | Wyoming | 10% | 10% | |
 | Missouri | 9% | 9% | |
 | New York | 9% | 16% | |
 | Oregon | 9% | variable | |
 | South Carolina | 8.8% | 14% | |
 | Colorado | 8% | 45% | |
 | Connecticut | 8% | 12% | |
 | Kentucky | 8% | variable | |
 | North Carolina | 8% | 8% | |
 | Virginia | 8% | 8% | |
 | Georgia | 7% | ||
 | Louisiana | 7% | 12% | |
 | Alabama | 6% | 8% | 12% |
 | Arkansas | 6% | variable | variable |
 | District of Columbia | 6% | 24.01% | |
 | Maine | 6% | ||
 | Maryland | 6% | 24% | 10% |
 | Massachusetts | 6% | 20% | variable |
 | Minnesota | 6% | 8% | |
 | Nebraska | 6% | 16% | 1% |
 | New Jersey | 6% | variable | |
 | North Dakota | 6% | 5.50% | 12% |
 | Oklahoma | 6% | ||
 | Pennsylvania | 6% | 6% | |
 | Texas | 6% | 18% | |
 | West Virginia | 6% | ||
 | Delaware | 5% | ||
 | Illinois | 5% | 9% | 9% |
 | Michigan | 5% | 7% | variable |
 | Wisconsin | 5% | variable | |
 | Mississippi | variable | 9% | |
 | Ohio | 8% |
- Many rates are ranges or variable values. Details of these variable rates are listed in the Additional Notes column.
- Laws regarding usury rates may change at any time, and data shown should not be considered a legally authoritative reference. Interested parties are encouraged to confirm usury laws with local authorities.
Usury laws, designed to regulate the maximum interest rates that lenders can charge borrowers, play a crucial role in maintaining fair and ethical lending practices across states. These laws aim to protect consumers from predatory lending practices, ensuring that individuals and businesses are not subjected to excessively high interest rates that can lead to financial exploitation and hardship. By establishing legal limits on interest rates, usury laws help promote financial stability and prevent borrowers from falling into cycles of debt.
Usury laws are regulated by state legislatures and regulatory agencies, which establish and enforce limits on interest rates, monitor lender compliance, and address consumer complaints. These laws are influenced by economic conditions, interest rate trends, and consumer protection priorities within each state, with federal laws like the Truth in Lending Act also impacting regulations to ensure borrower protection and maintain lending integrity.
The regulations governing usury rates vary significantly from state to state, with each state setting its own maximum allowable interest rates for different types of loans and financial transactions. For example, states like California and Florida have set the general usury limit at 10% and 12%, respectively, while others, like Arkansas and Colorado, allow for higher rates under certain circumstances. Additionally, some states impose variable interest rates based on factors such as the Federal Reserve’s interest rate or the type of loan being issued.
