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Arizona Interest Rates Laws

While most states still have laws limiting the amount of interest a creditor may charge, traditionally called "usury" laws, most consumer waive these protections by agreeing to higher rates. Arizona interest rate laws set the maximum rate at 10 percent, but explicitly allow consumers and creditors to "contract for any rate agreed upon."  

The following table lists the main provisions of Arizona's interest rate laws. See Usury Laws and Limits on Credit Card Interest Rates for a concise overview.

Legal Maximum Rate of Interest 10% per year; any rate may be agreed and contracted upon (§44-1201)
Penalty for Usury (Unlawful Interest Rate) Forfeit all interest (§44-1202); usurious payments deemed to be made toward principal; if payments exceed principal, judgment may be given in favor of debtor with interest at rate of 10% (§§44-1203, 1204)
Interest Rates on Judgments At allowable rate or as agreed upon as long as not in excess of that permitted by law (§44-1201)
Exceptions -
Note: State laws are constantly changing -- contact an Arizona consumer protection attorney or conduct your own legal research to verify the state law(s) you are researching.
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