A person shall not directly or indirectly take or receive in money, goods or things in action, or in any other way, any greater sum or any greater value for the loan or forbearance of any money, goods or things in action, than the maximum permitted by law. Any person, contracting for, reserving or receiving, directly or indirectly, any greater sum of value shall, forfeit all interest.
A.R.S. § 44-1202
Forfeiture of all interest upon obligation involving interest exceeding the maximum amount set by contract
Applied in 9 court decisions — leading case Amex Distributing Co., Inc. v. Mascari (1986)
Most recently applied in S & N Equipment Company v. Casa Grande Cotton Finance Co. (September 1996)
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: Arizona State Legislature. Reproduced from public-domain Arizona statutes; confirm against the official source for the current text. Not legal advice.