# D.C. Code § 28-3302: Rate of interest not expressed and on judgments

> District of Columbia · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C33_S28-3302

## Section

- **Citation:** D.C. Code § 28-3302
- **Heading:** Rate of interest not expressed and on judgments
- **Jurisdiction:** District of Columbia
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** DC Code / Title 28 / Chapter 33 / § 28-3302

## Text

(a) The rate of interest in the District upon the loan or forbearance of money, goods, or things in action in the absence of expressed contract, is 6% per annum.
(b) Interest, when authorized by law, on judgments or decrees against the District of Columbia, or its officers, or its employees acting within the scope of their employment, is at the rate of not exceeding 4% per annum.
(c) The rate of interest on judgments and decrees, where the judgment or decree is not against the District of Columbia, or its officers, or its employees acting within the scope of their employment or where the rate of interest is not fixed by contract, shall be 70% of the rate of interest set by the Secretary of the Treasury pursuant to section 6621 of the Internal Revenue Code of 1986, approved October 22, 1986 (100 Stat. 2744; 26 U.S.C. § 6621), for underpayments of tax to the Internal Revenue Service, rounded to the nearest full percent, or if exactly 1/2 of 1%, increased to the next highest full percent; provided, that a court of competent jurisdiction may lower the rate of interest under this subsection for good cause shown or upon a showing that the judgment debtor in good faith is unable to pay the judgment. In the case of the judgments entered prior to the effective date of the Consumer Credit Interest Rate Amendment Act of 1981, that are not satisfied until after the effective date of the Consumer Credit Interest Rate Amendment Act of 1981, the rate of interest thereon shall be the rate of interest prescribed in this subsection from the effective date of the Consumer Credit Interest Rate Amendment Act of 1981, until the date of satisfaction.

## Nearby sections

- [D.C. Code § 28-3301 § 28-3301. Rate of interest expressed in contract.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C33_S28-3301.md)
- [D.C. Code § 28-3302 § 28-3302. Rate of interest not expressed and on judgments.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C33_S28-3302.md)
- [D.C. Code § 28-3303 § 28-3303. Usury defined.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C33_S28-3303.md)
- [D.C. Code § 28-3304 § 28-3304. Action to recover usury paid.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C33_S28-3304.md)
- [D.C. Code § 28-3305 § 28-3305. Unlawful interest credited on principal debt.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C33_S28-3305.md)
- [D.C. Code § 28-3306 § 28-3306. Parties compelled to testify.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C33_S28-3306.md)
- [D.C. Code § 28-3307 § 28-3307. Council of the District of Columbia authorized to exempt certain mortgages and loans.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C33_S28-3307.md)
- [D.C. Code § 28-3308 § 28-3308. Finance charge on direct installment loans.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C33_S28-3308.md)
- [D.C. Code § 28-3309 § 28-3309. Council of the District of Columbia authorized to exempt certain loans, and to change rates of interest.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C33_S28-3309.md)
- [D.C. Code § 28-3310 § 28-3310. Consumer protections.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C33_S28-3310.md)
- [D.C. Code § 28-3311 § 28-3311. Definition of interest.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C33_S28-3311.md)
- [D.C. Code § 28-3312 § 28-3312. Unlawful practices.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C33_S28-3312.md)
- [D.C. Code § 28-3313 § 28-3313. Penalties.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C33_S28-3313.md)
- [D.C. Code § 28-3314 § 28-3314. Right of action.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C33_S28-3314.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C33_S28-3302. Check the current official text before relying on it. Not legal advice.