diff --git a/changelog/10689.txt b/changelog/10689.txt
new file mode 100644
index 000000000000..72433fc29bba
--- /dev/null
+++ b/changelog/10689.txt
@@ -0,0 +1,3 @@
+```changelog:bug
+quotas/rate: Fix quotas enforcing old rate limit quota paths
+```
diff --git a/vault/logical_system_quotas.go b/vault/logical_system_quotas.go
index 5907062d6d22..ef500a4efa8e 100644
--- a/vault/logical_system_quotas.go
+++ b/vault/logical_system_quotas.go
@@ -5,9 +5,10 @@ import (
 	"strings"
 	"time"
 
-	"github.com/hashicorp/vault/helper/namespace"
 	"github.com/hashicorp/vault/sdk/framework"
 	"github.com/hashicorp/vault/sdk/logical"
+
+	"github.com/hashicorp/vault/helper/namespace"
 	"github.com/hashicorp/vault/vault/quotas"
 )
 
@@ -209,15 +210,18 @@ func (b *SystemBackend) handleRateLimitQuotasUpdate() framework.OperationFunc {
 
 		switch {
 		case quota == nil:
-
 			quota = quotas.NewRateLimitQuota(name, ns.Path, mountPath, rate, interval, blockInterval)
 		default:
 			rlq := quota.(*quotas.RateLimitQuota)
+			// Re-inserting the already indexed object in memdb might cause problems.
+			// So, clone the object. See https://github.com/hashicorp/go-memdb/issues/76.
+			rlq = rlq.Clone()
 			rlq.NamespacePath = ns.Path
 			rlq.MountPath = mountPath
 			rlq.Rate = rate
 			rlq.Interval = interval
 			rlq.BlockInterval = blockInterval
+			quota = rlq
 		}
 
 		entry, err := logical.StorageEntryJSON(quotas.QuotaStoragePath(qType, name), quota)
diff --git a/vault/quotas/quotas_rate_limit.go b/vault/quotas/quotas_rate_limit.go
index 8a7532e4b376..847aa32c2ea1 100644
--- a/vault/quotas/quotas_rate_limit.go
+++ b/vault/quotas/quotas_rate_limit.go
@@ -100,6 +100,20 @@ func NewRateLimitQuota(name, nsPath, mountPath string, rate float64, interval, b
 	}
 }
 
+func (q *RateLimitQuota) Clone() *RateLimitQuota {
+	rlq := &RateLimitQuota{
+		ID:            q.ID,
+		Name:          q.Name,
+		MountPath:     q.MountPath,
+		Type:          q.Type,
+		NamespacePath: q.NamespacePath,
+		BlockInterval: q.BlockInterval,
+		Rate:          q.Rate,
+		Interval:      q.Interval,
+	}
+	return rlq
+}
+
 // initialize ensures the namespace and max requests are initialized, sets the ID
 // if it's currently empty, sets the purge interval and stale age to default
 // values, and finally starts the client purge go routine if it has been started
diff --git a/vault/quotas/quotas_test.go b/vault/quotas/quotas_test.go
index 3f867ced719d..2995c602b850 100644
--- a/vault/quotas/quotas_test.go
+++ b/vault/quotas/quotas_test.go
@@ -12,6 +12,33 @@ import (
 	"github.com/stretchr/testify/require"
 )
 
+func TestQuotas_MountPathOverwrite(t *testing.T) {
+	qm, err := NewManager(logging.NewVaultLogger(log.Trace), nil, metricsutil.BlackholeSink())
+	require.NoError(t, err)
+
+	quota := NewRateLimitQuota("tq", "", "kv1/", 10, time.Second, 0)
+	require.NoError(t, qm.SetQuota(context.Background(), TypeRateLimit.String(), quota, false))
+	quota = quota.Clone()
+	quota.MountPath = "kv2/"
+	require.NoError(t, qm.SetQuota(context.Background(), TypeRateLimit.String(), quota, false))
+
+	q, err := qm.QueryQuota(&Request{
+		Type:      TypeRateLimit,
+		MountPath: "kv1/",
+	})
+	require.NoError(t, err)
+	require.Nil(t, q)
+
+	require.NoError(t, qm.DeleteQuota(context.Background(), TypeRateLimit.String(), "tq"))
+
+	q, err = qm.QueryQuota(&Request{
+		Type:      TypeRateLimit,
+		MountPath: "kv1/",
+	})
+	require.NoError(t, err)
+	require.Nil(t, q)
+}
+
 func TestQuotas_Precedence(t *testing.T) {
 	qm, err := NewManager(logging.NewVaultLogger(log.Trace), nil, metricsutil.BlackholeSink())
 	require.NoError(t, err)