No person and no firm or corporation or agent thereof, other than a pawnbroker as provided in section 21-44 , shall, as guarantor or otherwise, directly or indirectly, loan money to any person and, directly or indirectly, charge, demand, accept or make any agreement to receive therefor interest at a rate greater than twelve per cent per annum.
Conn. Gen. Stat. § 37-4
Loans at greater rate than twelve per cent prohibited
Applied in 9 court decisions — leading case 395 F. Supp. 861 - Solevo v. Aldens, Inc. (1975)
Most recently applied in Arnone v. Aetna Life Insurance Co. (June 2017)
(1949 Rev., S. 6779.)
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: Connecticut General Assembly. Reproduced from public-domain Connecticut statutes; confirm against the official source for the current text. Not legal advice.