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MA · LOAN-AGMT · Updated July 2026 · Free

Massachusetts Loan Agreement

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Massachusetts at a glance: Usury Cap: 20% per year (M.G.L. Ch. 271 § 49) · Governing Law: Massachusetts General Laws

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Overview

Loan Agreements in Massachusetts

Massachusetts caps all contract interest rates at 20% per year under Massachusetts General Laws Chapter 271 Section 49.
Key Facts

Massachusetts Loan Agreement — Quick Reference

RequirementMassachusetts Rule
Usury Cap20% per year (M.G.L. Ch. 271 § 49)
Governing LawMassachusetts General Laws
Legal Requirements

Massachusetts Legal Requirements

  • Interest rates must not exceed 20% per annum.
Governing Laws

Massachusetts Governing Laws

M.G.L. Ch. 271 § 49
Criminal Usury
Defines 20% interest cap limits on all contracts.

Read the full text of these laws at Cornell Law School's Massachusetts legal resources or your state legislature's official website.

Questions & Answers

Massachusetts Loan Agreement — Frequently Asked Questions

Can an interest rate above 20% be enforced if registered?

An interest rate above 20% can be legal if the lender registers the loan with the Attorney General's office before making it.