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Interest on unpaid invoices in Utah: 10% a year if no rate was agreed; no general cap found
In Utah, 10% a year if no rate was agreed; no general cap found. Read from Utah's own statutes, agencies and courts, checked November 6, 2026, with every answer quoted below, and a late fee calculator.
Utah's rate when no rate was agreed
10% a year. 10% a year unless the parties expressly specify a different rate — the statute names contracts for services and claims for breach of contract. A judgment on a lawful contract bears the agreed interest.
- “(2) Unless the parties to a lawful written, verbal, or implied contract expressly specify a different rate of interest, the legal rate of interest for the contract, including a contract for services, a loan or forbearance of any money, goods, or services, or a claim for breach of contract is 10% per annum.” — Utah Code § 15-1-1(2), read November 6, 2026
- “a judgment rendered on a lawful contract shall conform to the contract and shall bear the interest agreed upon by the parties, which shall be specified in the judgment.” — Utah Code § 15-1-4(2)(a), read November 6, 2026
The most you can set in Utah
For a homeowner: No general cap: parties may agree on any rate of interest (§ 15-1-1(1)); under the Utah Consumer Credit Code, the parties to a consumer credit agreement may contract for any finance charge except where that title restricts it (§ 70C-2-101).
For a business customer: No general cap: any rate of interest the parties agree on. Utah Code § 15-1-1(1) — written, verbal or implied contracts, including contracts for services.
- “(1) The parties to a lawful written, verbal, or implied contract may agree upon any rate of interest for the contract, including a contract for services, a loan or forbearance of any money, goods, or services, or a claim for breach of contract.” — Utah Code § 15-1-1(1), read November 6, 2026
- “Except where restricted or otherwise covered by provisions of this title, the parties to a consumer credit agreement may contract for payment by the debtor of any finance charge and other charges and fees.” — Utah Code § 70C-2-101, read November 6, 2026
Late fees in Utah
What the text says: Consumer credit agreements: if contracted for, a delinquency charge on an installment not paid in full by its due date of up to the greater of $30 or 5% of the delinquent unpaid amount. Consumer credit agreements (Utah Code Title 70C). Covers consumer credit agreements under the Utah Consumer Credit Code (creditors who regularly extend consumer credit with a finance charge or payable in more than four installments).
- “The parties to any consumer credit agreement may contract for a delinquency charge on any installment not paid in full by its scheduled due date in an amount not exceeding the greater of: (i) $30; or (ii) 5% of the delinquent unpaid amount of the installment.” — Utah Code § 70C-2-102(1)(a), read November 6, 2026
- “A delinquency charge as authorized by this section may be collected only once on each installment regardless of how long it remains delinquent.” — Utah Code § 70C-2-102(3)(a), read November 6, 2026
- “who regularly extends consumer credit that is subject to a finance charge or is payable by written agreement in more than four installments, not including a down payment” — Utah Code § 70C-1-302(4)(a) (definition of "Creditor"), read November 6, 2026
Does Utah want it agreed in advance?
Agreed in advance: Utah's text read does not say so in general. Interest: the 10% legal rate applies by default without agreement, so a rate need not be agreed to charge 10% (§ 15-1-1(2)); a different rate must be 'expressly' specified. The consumer delinquency charge must be contracted for (§ 70C-2-102).
- “(2) Unless the parties to a lawful written, verbal, or implied contract expressly specify a different rate of interest, the legal rate of interest for the contract, including a contract for services, a loan or forbearance of any money, goods, or services, or a claim for breach of contract is 10% per annum.” — Utah Code § 15-1-1(2), read November 6, 2026
- “The parties to any consumer credit agreement may contract for a delinquency charge on any installment not paid in full by its scheduled due date in an amount not exceeding the greater of: (i) $30; or (ii) 5% of the delinquent unpaid amount of the installment.” — Utah Code § 70C-2-102(1)(a), read November 6, 2026
Homeowners and businesses in Utah
Interest rates are open to agreement for everyone; consumer credit agreements additionally get the $30/5% delinquency-charge cap.
- “(1) The parties to a lawful written, verbal, or implied contract may agree upon any rate of interest for the contract, including a contract for services, a loan or forbearance of any money, goods, or services, or a claim for breach of contract.” — Utah Code § 15-1-1(1), read November 6, 2026
- “The parties to any consumer credit agreement may contract for a delinquency charge on any installment not paid in full by its scheduled due date in an amount not exceeding the greater of: (i) $30; or (ii) 5% of the delinquent unpaid amount of the installment.” — Utah Code § 70C-2-102(1)(a), read November 6, 2026
Prompt payment on private construction in Utah
What the text says: Retention only: on nonresidential commercial or industrial projects, retention withheld must go into an interest-bearing account, and knowingly and wrongfully withholding a retention carries a charge of 2% per month plus any interest otherwise due. Retention on private and public nonresidential commercial/industrial construction contracts. A construction contract there means a written agreement for nonresidential commercial or industrial construction projects (Utah Code § 13-8-5(1)(a)).
- “"Construction contract" means a written agreement between the parties relative to the design, construction, alteration, repair, or maintenance of a building, structure, highway, appurtenance, appliance, or other improvements to real property, including moving, demolition, and excavating for nonresidential commercial or industrial construction projects.” — Utah Code § 13-8-5(1)(a), read November 6, 2026
- “Any owner, public agency, original contractor, or subcontractor who knowingly and wrongfully withholds a retention shall be subject to a charge of 2% per month on the improperly withheld amount, in addition to any interest otherwise due.” — Utah Code § 13-8-5, read November 6, 2026
Work out a late charge in Utah
Starts at Utah's 10%, the rate when none was agreed, not a maximum.
What was not checked for Utah
- The definition that sets the reach of Utah's consumer credit code (Title 70C) was not found in the text read.
Check Utah's own text
Before you charge: read Utah Code § 15-1-1(2) and the other Utah texts quoted on this page, or ask a lawyer. As of November 6, 2026.
This is a plain-words summary of each state's own laws as of November 6, 2026, not legal advice. Rules have exceptions. Check the state's own text, linked on every state's page, or a lawyer before you charge a late fee or interest.
Compare Utah with every state's answer, or with its neighbours just below.
Official sources for Utah
- Utah Code § 15-1-1(2) — read November 6, 2026
- Utah Code § 15-1-4(2)(a) — read November 6, 2026
- Utah Code § 70C-2-101 — read November 6, 2026
- Utah Code § 70C-2-102(1)(a) — read November 6, 2026
- Utah Code § 70C-1-302(4)(a) (definition of "Creditor") — read November 6, 2026
- Utah Code § 13-8-5(1)(a) — read November 6, 2026
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