5-12-101. Legal rate of interest.
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/co/title-5-consumer-credit-code/article-12-interest-general-provisions/5-12-101·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If there is no agreement or provision of law for a different rate, the interest on money shall be at the rate of eight percent per annum, compounded annually.