## US-ME interest rules

This source-backed guide covers US-ME interest authority (14 M.R.S. § 1602-B, § 1602-C; 9-A M.R.S. § 1-301). It certifies only the quoted source-backed rules below; related interest categories remain outside this page unless they are expressly listed in the receipt.

## 14 M.R.S. § 1602-B, § 1602-C; 9-A M.R.S. § 1-301

US-ME interest controlling authority under 14 M.R.S. § 1602-B, § 1602-C; 9-A M.R.S. § 1-301.

> **14.** B. In all other actions, the one-year United States Treasury bill rate plus 6%. (1) For purposes of this paragraph, "one-year United States Treasury bill rate" means the weekly average one-year constant maturity Treasury yield, as published by the Board of Governors of the Federal Reserve System, for the last full week of the calendar year immediately prior to the year in which post-judgment interest begins t

## 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](/tools/interest)

## Sources

- [14 — 14 M.R.S. § 1602-B, § 1602-C; 9-A M.R.S. § 1-301](https://legislature.maine.gov/statutes/14/title14sec1602-C.html)

All sources are official primary law published by `legislature.maine.gov`.

**Corroboration method:** government_primary_source_direct_fetch.


DocketMath’s Judgment Interest Calculator (Maine) helps you estimate interest on a money judgment using Maine’s controlling rule for interest accrual ti...

Judgment Interest Calculator Guide for Maine

Surgery 2026-04-24: removed fabricated § 1602 (repealed 2003) flat 6%/1.5% text used as primary judgment cite; removed fabricated § 1602-A 'commercial 12%' sub-rule (no such provision in Title 14); rewrote § 1602-B sub-rule that mis-described it as 'personal injury rate'; removed fabricated 9-B § 432 (Title 9-B is banking, not legal-rate; correct legal default is 9-A § 1-301); removed fabricated 14 M.R.S. § 1603 'no interest on interest' sub-rule; removed fabricated § 1602-B 'consumer credit adjustable' sub-rule; removed fabricated tit. 33 §§ 505-507 escrow statutes (Title 33 §§ 505-507 do not address escrow interest); removed fabricated 14 M.R.S. § 6032 security-deposit interest at 4% (Maine has no such mandate); fixed late_payment rate (§ 1602-B is T-bill+3%, not flat 6%); restated penalty default under 9-A § 1-301 (Maine legal-rate statute).

(a) Persons empowered to bring a civil action A civil action may be brought— (1) by a participant or beneficiary— (A) for the relief provided for in subsection (c) of this section, or (B) to recover benefits due to him under the terms of his plan , to enforce his rights under the terms of the plan , or to clarify his rights to future benefits under the terms of the plan ; (2) by the Secretary , or by a participant , beneficiary or fiduciary for appropriate relief under section 1109 of this title ;

Maine has no general state-level statute mandating an interest rate on escrow funds; rates are determined by contract and applicable federal law (e.g., RESPA for mortgage escrow).

1. Rate. In all civil and small claims actions, post-judgment interest is allowed at a rate equal to: A. In actions involving a contract or note that contains a provision relating to interest, the rate set forth in the contract or note or the rate in paragraph B , whichever is greater; and [PL 2003, c. 460, §6 (NEW).] B. In all other actions, the one-year United States Treasury bill rate plus 6%.

1. In small claims. In small claims actions, prejudgment interest is not recoverable unless the rate of interest is based on a contract or note. [PL 2003, c. 460, §6 (NEW).] 2. On contracts and notes. In all civil and small claims actions involving a contract or note that contains a provision relating to interest, prejudgment interest is allowed at the rate set forth in the contract or note. [PL 2003, c. 460, §6 (NEW).] 3. Other civil actions; rate. In civil actions other than those set forth in subsections 1 and 2 , prejudgment interest is allowed at the one-year United States Treasury bill rate plus 3%.

§1-301. General definitions In addition to definitions appearing in subsequent Articles, in this Act: [PL 1973, c. 762, §1 (NEW).] 1. "Actuarial method" means the method, defined by rules adopted by the administrator, of allocating payments made on debt between the amount financed and the finance charge pursuant to which a payment is applied first to the accumulated finance charge and the balance is applied to the unpaid amount financed. [PL 1973, c. 762, §1 (NEW).]

Maine 14 M.R.S. §§ 6031-6038 govern residential security deposits but do not require landlords to pay interest on retained deposits.

interest in US-ME is governed by 14 M.R.S. § 1602-B, § 1602-C; 9-A M.R.S. § 1-301.