{"data":{"id":"us-ct/conn.-gen.-stat.-37-1","jurisdiction":"us-ct","citation":"Conn. Gen. Stat. § 37-1","heading":"Legal rate. Accrual as addition to debt.","body":"(a) The compensation for forbearance of property loaned at a fixed valuation, or for money, shall, in the absence of any agreement to the contrary, be at the rate of eight per cent a year; and, in computing interest, three hundred sixty days may be considered to be a year.\n(b) Unless otherwise provided by agreement, interest at the legal rate from the date of maturity of a debt shall accrue as an addition to the debt.","path":["TITLE 37. INTEREST","CHAPTER 673*. INTEREST"],"source_url":"https://www.cga.ct.gov/current/pub/chap_673.htm#sec_37-1","current_through":"Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)","vintage":"","retrieved_at":"2026-09-06T19:07:12Z","sha256":"773ff83a8f537a3ea67c52036967a31716be245c5e5bd8a79ce688922d615250","source_id":"us-ct","stale":false,"prev":"us-ct/conn.-gen.-stat.-36b-80","next":"us-ct/conn.-gen.-stat.-37-1a"},"notice":"GroundRules: Original legal text. Not legal advice."}