Legal Question in Business Law in Utah
usury law
what is the max interest that can be charged in Utah?
Asked on 1/06/09, 11:47 am
1 Answer from Attorneys
Alvin Lundgren
Alvin R. Lundgren, L.C.
Re: usury law
Statutory Interest is 10% in some cases. The statutory interest for court judgments where a stated interest is not in any of the documents varies with prime. Contracts can charge any rate of interest which is not unconscionable.
Answered on 1/06/09, 12:06 pm
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