Uruguay Statutory legal interest (interés legal)

What this value means

One statutory rate, two levels, and which one applies turns entirely on whether the debt is indexed. THE 12% IS THE NON-INDEXED RATE. THE 6% IS THE INDEXED RATE — and it is not a discount: Decreto-Ley 14.500 de 8 de marzo de 1976 art. 1 requires money obligations (including those resolved into money by equivalent) to be liquidated taking account of the change in the value of the currency between the date the obligation arose and the date it is discharged, art. 2 measures that change by the índice general de los precios del consumo (IPC) published monthly, comparing the index of the month the obligation arose with that of the month before extinction, and art. 3 stands the mechanism down where the parties agreed another adjustment method or a special statutory regime applies. Art. 4 then reads: 'En los casos en que sean de aplicación los artículos 1, 2, y 3 de la presente ley, la tasa fijada en el artículo 2.207 del Código Civil, será del 6% (seis por ciento) anual' — and interest, commissions and other charges are computed on the REVALUED amount, not the nominal one. So the correct claim on an ordinary peso debt is IPC revaluation plus 6% on the revalued principal; the bare 12% is for obligations that fall outside articles 1 to 3 of the Decreto-Ley, typically because the parties agreed a different adjustment mechanism or a special regime governs. Serving 12% on a debt that is being revalued, or 6% on one that is not, both overstate and understate the claim — establish the indexation position first. The rate is residual in the ordinary way: an agreed rate displaces it. SEPARATE CEILING ON AGREED RATES: the Ley de Usura, Ley 18.212 de 5 de diciembre de 2007, caps compensatory and moratory interest by reference to average market rates published periodically by the Banco Central del Uruguay, with penalties and reduction of excessive stipulations — art. 2207 sets the residual rate, Ley 18.212 sets the ceiling, and they answer different questions. The 6% carve-out dates from the 1976 Decreto-Ley; the wording above is the text carried in the official consolidation published by IMPO. Retrieval note: legislativo.parlamento.gub.uy resets connections to automated fetchers and the OAS mirror of the code returns HTTP 403 — read the consolidated articles from impo.com.uy, the official publisher.

Get it programmatically

curl https://latamref.dev/v1/uy/statutory-interest
# $0.005 per call — x402 on Base (USDC). No key, no signup.
# History:    curl https://latamref.dev/v1/uy/statutory-interest/history?from=2020-01-01
# Provenance: curl https://latamref.dev/provenance/uy/statutory-interest

Other Uruguay series: BCU tasa de política monetaria (TPM) · IVA tasa básica · VAT registration threshold · Salario Mínimo Nacional (SMN), monthly · Public holidays (feriados) · CPI inflation (year-on-year) · Corporate income tax rate · Withholding tax rates · Personal income tax brackets · Statutory social-insurance contributions

The same figure elsewhere: Argentina · Barbados · Belize · Bolivia · Brazil · all 22