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.
Source: L. 71: R&RE, p. 852, § 1. C.R.S. 1963: § 73-12-101. L. 75: Entire section amended, p. 257, § 1, effective July 1. L. 79: Entire section amended, p. 315, § 1, effective June 20.
Cross references: For interest on damages for personal injuries, see § 13-21-101.
COLORADO COMMENT
The provisions of this Article 12 are derived in part from Article 1 of Chapter 73, C.R.S. 1963, in effect prior to this Code.
Structure Colorado Code
Title 5 - Consumer Credit Code
Article 12 - Interest - General Provisions
§ 5-12-101. Legal Rate of Interest
§ 5-12-102. Statutory Interest
§ 5-12-103. Greater Rate May Be Stipulated
§ 5-12-104. Warrants to Bear Six Percent
§ 5-12-105. Interest Upon Foreclosure
§ 5-12-106. Rate of Interest on Judgments Which Are Appealed