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According to California law, non-exempt lenders can charge a maximum of 10% interest per year. The maximum rate applies to money, goods or things used primarily for personal, family or household purposes. It also applies to other types of loans such as home improvement, home purchase, or business purposes.
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A law that establishes a maximum interest rate for credit transactions of 24 percent substantive or procdural?
substantive law
What is the highest interest rate allowed by law for consumers in the state of Ohio?
29%
What is the highest interest rate allowed in Florida law?
18% plus 10 points
What is the highest interest rate allowed by law for consumers in the state of Florida?
max 18% if is more than 500.000 25%
What is the highest car loan interest rate in Oregon?
I am no law expert but i believe it is 12%. Do not be fooled, delinquent loans through the rules out the window,
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
A law that establishes a maximum interest rate for credit transactions of 24 percent substantive or procdural?
substantive law
New ruling on payday loans in South Carolina?
In March of 2009, the state of South Carolina passed a law that requires Payday loan companies to change the way they calculate interest on loans given within the state. Interest will now be charged on a flat basis and can only compound at the maximum rate of 26%. Before the law, interest was being charged at the rate of over 270%.
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.
Are usury law a price ceiling or a price floor?
Usury law put a ceiling on interest rate
What is the maximum variable interest rate for South Dakota?
It depends on the type of loan and the interest rate specified in the loan. If the rate is specified in the loan agreement then there is no restriction on the rate. Wells Fargo does this in some of their student loans. It says that there is a bottom rate but that there is no ceiling rate except for the ceiling rate required by South Dakota law; When we check to see what South Dakota ceiling rate is... we see that there is no ceiling rate if the rate is specified in the loan agreement. (http://legis.state.sd.us/statutes/DisplayStatute.aspx?Type=Statute&Statute=54-3-1.1).
What is the highest interest rate allowed by law for consumers in the state of Ohio?
29%
What is the highest interest rate allowed in Florida law?
18% plus 10 points
What is the largest interest rate allowable by law for past due accounts in NC?
8%
What is the maximum allowable interest rate on a promissory note between two private parties in the state of Idaho?
from http://www.lectlaw.com/files/ban02.htm
What is the average mileage reimbursement rate in Colorado?
The maximum by law is 55.0 although there is no law in place requiring mileage reimbursement in Colorado.
What is a unsury law?
Monetary loans(Depending on the local laws),or a loan at excessive interest rate.
