Judgment Interest Calculator Guide for American Samoa

US-AS interest rules

This source-backed guide covers US-AS legal interest rate authority (A.S.C.A. § 28.1501 — 6% per annum default interest rate). It certifies only the quoted source-backed rules below; related interest categories remain outside this page unless they are expressly listed in the receipt.

Legal Rate of Interest — A.S.C.A. § 28.1501

Default legal interest rate is 6% per year. Agreements to pay more than 6% must be in writing and signed. Maximum rate is 15% per year.

A.S.C.A. § 28.1501. No person may charge more than 15 percent per year as interest on a debt or obligation, and no agreement to pay a rate of interest higher than 6 percent per year shall be enforceable unless the same is in writing and is signed by the party to be charged.

Use the calculator

DocketMath's interest calculator can model interest scenarios once you identify the controlling jurisdiction, amount, rate type, and accrual date. Use the source panel for the verified source-backed rule.

Open the Interest calculator

Sources

• A.S.C.A. § 28.1501 — A.S.C.A. § 28.1501 — Interest Rate; Agreements Signed and Written; Charge for Loans

All sources are official primary law published by asbar.org.

Corroboration method: government_primary_source_direct_fetch.