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California, as well as 26 other states have no limitation on interest rates, user fees, late penalties, etc for credit cards. Arkansas is the only state with very strict usury statutes.Federal usury laws are of little help, as the only stipulation is for the credit card companies to inform customers of their rates and fees. There has been a bill "stuck" in legislation to place a 17% cap on interest rates, it is doubtful it will ever become law.
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∙ 19y ago
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Is Statutory law the highest form of law?
yes
How would use public interest in a sentence?
Enactment of this law is not in the public interest.
What is the highest law of the land in the Philippines?
constitution
What is the highest paying law firm in Texas?
This answer is not based on any references but word of mouth. According to me, the highest paying law firm is Haynes and Boone.
What is the general form of a rate law?
rate = [A]x[B]y
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29%
What is the highest interest rate allowed in Florida law?
18% plus 10 points
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I am trying to find the answer to this question because I am getting charged over 90% interest by cash call, and I don't think this is at all legal!!!
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What is the highest legal auto loan interest rate in Wisconsin?
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What is the highest car loan interest rate in Oregon?
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A law that establishes a maximum interest rate for credit transactions of 24 percent is it substantive or procedural law?
a law that establishes a maximum interest rate for credit transactions of 24 percent
Is fixed interest allowed in Islamic law?
No. It was never allowed in old and new testament either.
What is max interest rate allowed on new vehicles?
There is no federal law limiting auto loan interest rates. State regulations limit them. Most states have upper limits ranging from 8% maximum, to 20% or more. Shop different dealers or lenders for the lowest rate your credit rating will permit.
