North Carolina Statutes
§ 24-1 — Legal rate is eight percent
Except as otherwise provided in G.S. 136-113, the legal rate of interest shall be eight percent (8%) per annum for such time as interest may accrue, and no more. (1876-7, c. 91; Code, s. 3835; 1895, c. 69; Rev., s. 1950; C.S., s. 2305; 1979, 2nd Sess., c. 1157, s. 1; 2016-90, s. 18(a).)
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Nearby Sections
15
§ 24-1.1
Contract rates and fees§ 24-10.1
Late fees§ 24-12
Applicability of Article§ 24-13
Principal amount defined§ 24-16
Itemized closing statements§ 24-16.1
Loans exempt from §§ 24-12 to 24-17§ 24-17
Misdemeanors