Colo. Rev. Stat. » Title 5

Colo. Rev. Stat. § 5-12-101

Legal rate of interest

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If there is no agreement or provision of law for a different rate, the interest on money shall be at the rate of eight percent per annum, compounded annually.

Source: L. 71: R&RE, p. 852, § 1. C.R.S. 1963: § 73-12-101. L. 75: Entire section amended, p. 257, § 1, effective July 1. L. 79: Entire section amended, p. 315, § 1, effective June 20.

Cross references: For interest on damages for personal injuries, see § 13-21-101.

Notes of Decisions
Cited in 37 cases (5 in the last 5 years), 1977–2026 · leading case: Martinez v. Continental Enterprises
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Martinez v. Continental Enterprises (1986) colo · cites it 4× “We conclude, therefore, that Martinez is entitled to a credit for the reasonable rental value of the property for the entire period of the respondents’ possession thereof, plus interest, computed as provided by section 5-12-101, 2 C.R.S. (1973). B During their possession of the…”
New Design Construction Co. v. Hamon Contractors, Inc. (2008) coloctapp · cites it 6× “NDCC asserts that the trial court's determination was correct because section 5-12-101, C.R.S. 2007, which sets the default legal rate of interest at eight percent per annum compounded annually, must be incorporated into the prompt payment statute, which is silent about…”
In Re the Marriage of Johnson (2016) colo · cites it 6× “Interest On Child Support Debt ¶12 Section 5-12-101, C.R.S. (2016), provides, “If there is no agreement or provision of law for a different rate, the interest on money shall be at the rate of eight percent per annum, compounded annually.”
In re the Marriage of Tognoni (2011) coloctapp · cites it 3× “Here, interest was awarded based on husband's expert's interest caleulation made under section 14-14-106: Interest per annum at four percent greater than the statutory rate set forth in section 5-12-101, C.R.S., on any arrearages and child support debt due and owing may be…”
Pueblo Bancorporation v. Lindoe, Inc. (2002) coloctapp · cites it 3× “(emphasis added) Section 5-12-101, C.R.S§.2000, provides that the legal rate of interest is 8% unless another provision of law provides for another amount.”
Colorado National Bank of Denver v. Friedman (1993) colo · cites it 2× “The district court found that the $1,972,250 purchase price for the Conter Estate’s interest in the Wikiup Mobile Home Club must be adjusted as follows: $1,972,250, less $350,000 pre-paid by Friedman on June 22, 1988, less interest on $350,000, from June 22, 1988 through…”
People v. Garcia (2002) coloctapp · cites it 3× “5-103 conflicts with §§ 5-12-101 and 5-12-102(4)(b), C.R.S8.2001, setting forth differing interest rates.”
Peoples Natural Gas Division of Northern Natural Gas Co. v. Public Utilities Commission (1985) colo · cites it 3× “§ 5-12-101, 2 C.R.S. (1984 Supp.). Even *269 though I agree with the majority’s statement in Part IV that the PUC may modify its original decision if it appears that it was in any respect unjust or unwarranted, I disagree with its conclusion that the PUC had authority to modify…”
E.B. Jones Construction Co. v. City & County of Denver (1986) coloctapp · cites it 2× “Having found that moratory interest was justified and that Denver inequitably and unjustly refused to pay Stewart damages due and claimed as early as March 1976, the court correctly concluded that, absent proof of Denver’s gain from its retention of the money, Stewart’s moratory…”
People v. Valenzuela (1994) coloctapp · cites it 7× “11B) and § 5-12-101(1)(b), C.R.S. (1992 Repl.Vol. 2) are applicable in the computation of interest to be included in the order of restitution as to both types of benefits and that the interest calculated therein commences from the date that each benefit was received.”
Davis Manufacturing & Supply Co. v. Coonskin Properties, Inc. (1982) coloctapp · cites it 3× “Section 5-12-101, C.R.S.1973 (1980 Cum.Supp.”
Life Care Centers of America, Inc. v. East Hampden Associates Ltd. (1995) coloctapp · cites it 3× “” (emphasis added) The court then concluded that: “Thus, under § 5-12-101, interest may not be awarded on lost future wages and benefits because they are not due and owing prior to the entry of judgment.”
Show all 37 citing cases →
— Colo. Rev. Stat. § 5-12-101(1)(b) — 1 case
People v. Valenzuela (1994) coloctapp “11B) and § 5-12-101(1)(b), C.R.S. (1992 Repl.Vol. 2) are applicable in the computation of interest to be included in the order of restitution as to both types of benefits and that the interest calculated therein commences from the date that each benefit was received.”
— Colo. Rev. Stat. § 5-12-101(l)(b) — 1 case
People v. Valenzuela (1994) coloctapp “11B) and § 5-12-101(1)(b), C.R.S. (1992 Repl.Vol. 2) are applicable in the computation of interest to be included in the order of restitution as to both types of benefits and that the interest calculated therein commences from the date that each benefit was received.”
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