Effective 5/14/2019 - UTAH CODE
15-1-1 Interest rates -- Contracted rate -- Legal rate.

(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.
(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.
(3) Nothing in this section may be construed in any way to affect any penalty or interest charge that
by law applies to delinquent or other taxes or to any contract or obligations made before May
14, 1981.

Amended by Chapter 437, 2019 General Session

Invoices are considered late after 30 days.