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Colorado Interest Rates Laws

More Information on Interest Rate Laws

Legal Maximum Rate of Interest8% (§5-12-101); maximum rate that may be contracted for is 45% (§5-12-103); interest on consumer loan may not exceed 12% unless made by supervised lender (§5-2-201)
Penalty for Usury (Unlawful Interest Rate)Criminal penalty for knowingly exceeding 45%, Class 6 felony (§18-15-104)
Interest Rates on Judgments8% if none specified in contract; if contract rate is variable, then at rate on day of judgment (§5-12-102[4])
ExceptionsSavings and loans (§11-41-115); mortgages (§5-13-101); business and agricultural loans (§5-13-102); small business loans (§5-13-103)

Note: State laws are constantly changing -- contact an attorney or conduct your own legal research to verify the state law(s) you are researching.

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