The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1871-04-14
Rates OF Interest In the Different
States. .-.

/ nates oi Auterest In tue DihSSohs
States.
Alabama. Eight per cent. No high
er rate allowed on special contracts.
Arkansas. Six per cent. Parties may
agree verbally or in writing for any rate.
California. On judgments seven per
centum. On contracts, de-, where no
rate is fixed by the parties, or the agree
ment is not in writing, ten per cent.
Where the parties agree in writing, any
rate they name and compounded or
otherwise.
Colorado. Legal rate where there is
no agreement, ten per cent Parties
may stipulate for higher rate. 49,.
Connecticut. Interest is limited to
six per cent. under penalty Of forfeiture
Of interest.
Delaware. Six per cent. No higher
rate can be agreed on between the par
ties.
District of Columbia. Six per cent.
The parties may contract in writing for
a higher rate. not to exceeded ten per
cent.
Florida. Eight per cent. On spe-
cial contracts any rate may be charged.
Georgia. Seven per cent. No higher
rate allowed on special contracts.
Illinois. Six per cent. Parties may
agree on any rate not exceeding ten
per cent Open accounts DO not carry
! interest.
/ Indiana Six per cent Parties may
contract for higher rate not exceed
ing ten per cent. Open accounts do
not carry interest. e...'.'..
Iowa. Six per cent. Parties may
agree in writing on any rate not ex-
ceeding ten per cent.
Kansas. Seven per cent Parties
may agree on any rate not exceeding
twelve per cent
Kentucky. Six per cent, but the
contract for more not absolutely void.
The lender may recover the amount
actually loaned with six per cent. in.
terest.
Louisiana. Five per cent. Parties
may agree in writing for rates as high
as eight per cent
Maine. Six per cent. Any rate may
be fixed by contract.
Maryland. Six per cent. No higher
rate can be legally contracted for.
Massachusetts. Six per cent Any
rate may be agreed upon in writing be-
tween the parties.
Michigan. Seven per cent. Parties
may agree on any rate not exceeding
ten per cent.
Minnesota. Seven per cent. Parties
may agree in writing on any rate not
exceeding ten per cent.
Mississippi. Six per cent Parties
may agree in writing on any rate not
exceeding ten per cent.
Missouri. Six per cent. Parties may
agree in writing on any rate not exceed
ing ten per cent.
New Hampshire. Six per cent, un-
less smaller rates stipulated for
New Jersey. Seven per cent. All
contracts for a higher rate void.
New York. Seven per cen. All con-
tracts wherein an excess OF that rate
is received are void, the usurious
lender FORGETTING both principal and in
/ terest.
North Carolina. Six per cent, but
special contracts for rates as high as
eight per cent. allowed.
Ohio. Six per cent. Special con-
tracts for any rate not exceeding eight
per cent. allowed.
Oregon. Ten per cent. Parties may
agree in writing for rate as high as
twelve per cent.
Pennsylvania. Six per cent A con-
tract for higher rate is not binding.
4 fair purchase of bond or note may
be made at any discount without being
usuriouS.
- Rhode Island. Six per cent. Any
rate fixed by contracting parties legal.
South Carolina. Seven per cent.
Parties may agree on any specific rate.
Tennessee. Six per cent. Special
contracts may exceed it to ten per cent.
Texas. FL ght per cent. The new
Constitution does away with usurious
restrictions.
/ Utah. Legal interest ten per cent,
but any rate contracted for is enforce
able.
Vermont. Six per cent. Any rate
beyond that may be recovered back.
Virginia. Six per cent. Parties
may contract in writing as high as
twelve per cent.
West Virginia. Six per cent. All
contracts for higher rate are void as
to any excess Of interest over six per
cent.
Wisconsin. Seven per cent. Parties
may agree on any rate not exceeding
ten per cent.