Vermont Statutes Annotated

Vt. Stat. Ann. tit. 09, § 41 (2026)

✓ current as of May 2026
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Subchapter 001 : INTEREST GENERALLY

(Cite as: 9 V.S.A. § 41)
Notes of Decisions
Cited in 6 cases, 1976–1985 · leading case: Hall v. Miller, 465 A.2d 222 (Vt. 1983).
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Hall v. Miller, 465 A.2d 222 (Vt. 1983). “The effective date of the amendment to 9 V.S.A. § 41 which raised the interest to 12% was July 1, *147 1979.”
Staab v. Northfield Sav. Bank, 349 A.2d 214 (Vt. 1976). · cites it 2× “The only issue before this Court is whether the rate of interest called for or actually paid exceeded the maximum legal rate of interest, as provided for in 9 V.S.A. § 41(a). By stipulation of the parties, the findings of facts of the trial court are not here challenged.”
Lowell & Austin, Inc. v. Truax, 507 A.2d 949 (Vt. 1985). · cites it 2× “9 V.S.A. § 41(a) (Cum. Supp. 1975). Nevertheless, plaintiff’s appeal addresses the usury issue solely on its merits; the court’s right to make the finding without giving the parties an opportunity to be heard is not challenged.”
Langle v. Bingham, 447 F. Supp. 934 (D. Vt. 1978). “9 V.S.A. § 41(a) as amended 1973. No. 230 (Adj.”
Sterrett Enter., Inc. v. Yankee Chapman, Inc., 499 A.2d 1152 (Vt. 1985). “*116 Finally, Yankee claims that the court erroneously computed the prejudgment interest because it concluded that the 1979 amendment to 9 V.S.A. § 41, raising the legal rate of interest to 12%, took effect on April 1, 1979.”
Peragallo v. Sklat, 466 A.2d 1200 (Conn. Super. Ct. 1983). “Under Vermont law, on the other hand, while loans calling for interest at greater than 12 percent are generally usurious; Vt. Stat. Ann. tit. 9, § 41 (a); there is an exception provided for “obligations to finance the purchase, construction or improvement of property for…”
— Vt. Stat. Ann. tit. 09, § 41(a) — 3 cases
Staab v. Northfield Sav. Bank, 349 A.2d 214 (Vt. 1976). “The only issue before this Court is whether the rate of interest called for or actually paid exceeded the maximum legal rate of interest, as provided for in 9 V.S.A. § 41(a). By stipulation of the parties, the findings of facts of the trial court are not here challenged.”
Lowell & Austin, Inc. v. Truax, 507 A.2d 949 (Vt. 1985). “9 V.S.A. § 41(a) (Cum. Supp. 1975). Nevertheless, plaintiff’s appeal addresses the usury issue solely on its merits; the court’s right to make the finding without giving the parties an opportunity to be heard is not challenged.”
Langle v. Bingham, 447 F. Supp. 934 (D. Vt. 1978). “9 V.S.A. § 41(a) as amended 1973. No. 230 (Adj.”
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