For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Interest rates -- Contracted rate -- Legal rate.

Utah Code § 15-1-1
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
15-1-1. Interest rates -- Contracted rate -- Legal rate. (1) The parties to a lawful written, verbal, or implied contract may agree upon any rate of interest for the contract, including a contract for services, a loan or forbearance of any money, goods, or services, or a claim for breach of contract. (2) Unless the parties to a lawful written, verbal, or implied contract expressly specify a different rate of interest, the legal rate of interest for the contract, including a contract for services, a loan or forbearance of any money, goods, or services, or a claim for breach of contract is 10% per annum. (3) Nothing in this section may be construed in any way to affect any penalty or interest charge that by law applies to delinquent or other taxes or to any contract or obligations made before May 14, 1981. Amended by Chapter 437, 2019 General Session
Source: Utah Office of Legislative Research and General Counsel (le.utah.gov)URL: https://le.utah.gov/xcode/Title15/Chapter1/15-1-S1.html?v=C15-1-S1_2019051420190514Fetched: 10/26/2026

Starting a business in Utah? Utah LLC guide: costs and requirements