Conn. Gen. Stat. § 37-1
Legal rate. Accrual as addition to debt
Connecticut · General Statutes of Connecticut Chapter 673 — Interest · Status: effective
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- Conn. Gen. Stat. § 37-1, Legal rate. Accrual as addition to debt, Connecticut, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2201453
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Full text
(a) The compensation for forbearance of property loaned at a fixed valuation, or for money, shall, in the absence of any agreement to the contrary, be at the rate of eight per cent a year; and, in computing interest, three hundred sixty days may be considered to be a year.
(b) Unless otherwise provided by agreement, interest at the legal rate from the date of maturity of a debt shall accrue as an addition to the debt.