In Florida, the general usury limit is 18%. On loans above $ 500,000 the maximum rate is 25%
21%
The current usury rate for the state of Louisiana is 12 percent, in September of 2014. The law in Louisiana states that the lending rate for personal loans cannot be more than 1 percentage point over the prime lending rate. It also states that the usury rate cannot fall below 7 percent.
For general loans to consumers that are used for personal, family our household purposes, the usury interest rate limit is ten (10) percent. For loans to consumers that are used for home improvement or purchase, the usury interest rate limit is the HIGHER of either ten (10) percent or five (5) percent plus the amount charged by the Federal Reserve Bank of San Francisco on advances to member banks on the 25th day of the month prior to loan origination. If a loan is secured by real estate or is based on a credit card, there are no limits on interest rate.
There is still usury in some villages. It means lending money at high interest rates.
A good refinancing rate for a mortgage loan in Florida would be a very low rate. A rate under 5% would be a very good refinancing rate for a mortgage loan.
The usury rate in Arizona is 10.0 percent as long as that rate was agreed to in writing. This does not apply to corporations since they do not have a special rate.
Nevada has no usury limit (except with respect to pawn brokers)
21%
Florida's usury laws cap interest on 'loans' less than US$500,000 at 18%.
Usury law put a ceiling on interest rate
The current usury rate for the state of Louisiana is 12 percent, in September of 2014. The law in Louisiana states that the lending rate for personal loans cannot be more than 1 percentage point over the prime lending rate. It also states that the usury rate cannot fall below 7 percent.
The usury rate for Wyoming is defined as follows: 36% on the first $1,000 21% on the amount between $1,000 and $49,999 No limit on interest rate for consumer loans exceeding $50,000.
"In Canada, charging an effective annual interest rate in excess of 60% is considered usury, which is sometimes called loansharking."
Usury.
Money lenders found guilty of usury have wrongfully engaged in the practice of charging a high or unlawful rate of interest on a loan.
Usury; loan-sharking.
The usury rate is 5% in Wisconsin but, unfortunately auto loans are exempt from the law Wis. Statutes 138.06