There is a limit to the amount of very specific interest may be charged to the consumer contract, how far from 5 to 15 percent of all state. See Also 5000 dollar loan 116% apr. Since the parties may agree to the interest rate always has exceeded the legal limit, most consumer contract, which includes the interest rate that exceeds that limit.
Thus, there is a limit to what can be several states to agree to contract explicitly. District of Columbia, while have the highest ceiling of the provisions of, for example, 24% limit in Alaska, we have expressed the terms of the contract to more than 5% of the legal speed limit. Check out also 5000 instant loan . Number of states is restricted so that it can in conjunction with the rate set by the Board of Governors of the Federal Reserve System, most of these states, there is a limit of 5% above the Federal Reserve. Potentially, they may be much higher than 24% of the district of Columbia. As a whole, it will be displayed and the state of the more rural, lower limit. Perhaps farmers are protected, has been large-scale economic and is more secure, and interest rates lower than the citizens of the city-state in general. See Also 5000 dollar payday loan .
Usury is the amount of speed or of conscience and tremendous interest beyond those that are allowed by law. There is a wide variety of legal relief of usury. Prison, such as crime and prescription of violating the laws of usury, the usury of the class some of the state. Check out also payday loan lenders. Majority of the country, providing economic relief for impossibility of performance, such as making the loss of the benefit of all contracts paid, the recovery of double the amount of usury, or the payment of a fine. In some states, banks and savings and loan association is specified to pay the fine. In North Dakota, which is one of the more extreme penalty of usury: It requires 25% of the principal in addition to the payment of all interest.
For the most part there is an exception to a myriad of legal interest to be connected to the character of the target substance of the agreement the lender, borrower, loan amount, or the nature of the contract. In fact, interest rates on the law, not in all transactions, not just the general guidelines of certain restrictions placed on it. There are very many exceptions in many states that it is often necessary to find a different rate depending on the situation of it all is considered.
Interest rates Table 4:
| State | The maximum rate of legal interest | Usury penalty | Judgment | Exception |
| ALABAMA | Case, the ( 8-8-1), 6% agreed in writing up to 8% per year, otherwise the year | Loss of interest paid or deducted from all interest ( 8-8-12) principal | In addition to cost, the decision of the U.S. dollar is 12%, from the date of entry, bear interest, to pay the interest on the percentage of the contract ( 8-8-10) judgment in the lawsuit contract liability | Obligations under ( 8-8-5), the National Housing Act loan of $ 2000 or more. Bond ( 8-8-6), 8 days public or nonprofit organization ( 11-54-97,11-58-15) Mon ( 8 clinics and medical board to issue industrial development board act Veterans Benefits Securities - Treasury Board of Education seven public housing), the state of public hospital corporation ( 24-1-32,16-3-28) ( 22-21-6) |
| Alaska | 10.5%, Express contract: contract there are no more legal rate of 5% ( 45. See Also 5000 no credit check .45.010) | Wages of a usurious interest can be ( 45.45.030) within two years, to recover double the amount that | Federal Reserve discount rate of the 12th district January 2 year sentence has been entered 3% of the above, as long as there is no action of contract, to use the contract rate ( 09.30.070) and then | Principal amount is $ 25,000 ( 45.45.010) exceeds the contract (B) |
| Arizona | 10% per year, the rate of either, (up to 1201 from 44) it is possible to contract agreement and | Payment of principal forfeited if exceeded, judgment is at a rate of (1203,1204 from 44) 10% (1202 from 44) the interest of all; payment of usury deemed to have been made towards the principal can be given in favor of debtor with interest | As long as it is excess of that permitted by law also does not appear to be acceptable at a speed (from 1201 44), agreement | |
| ARKANSAS | Consumer and nonconsumer rate the Federal Reserve discount rate of 5% (consumption rate is capped at 17%) has been exceeded (Const. Art. XIX 13) | The call contract can be recovered (Const. Check out also 5000 loan . Art. XIX 13) or more times the amount of interest rate to be paid legally disabled as unpaid interest and debtor | Contract interest rate of speed was of no interest has not been agreed upon, shall be 6 percent per annum. See Also i need a guaranteed 5000 loan. (Const. Art. XIX 13) |
Continued interest and Table 4:
| State | The maximum rate of legal interest | Usury penalty | Judgment | Exception |
| CALIFORNIA | The contract rate (Const. XV 1) after the shall not exceed (1 from Civil Code 1916) 12% 7% of the demand or contract or account, what is patience Action / lending of money, or goods | Debtor, it is possible to recover treble the amount of pay; (2 from Civil Code 1916) for violation of such an agreement which deliberately, to loan-sharking, and 12% more than a felony and punished by guilt to pay the interest imprisonment in state prison for not more than five years for a contract or agreement shall be null and void as. Or not more than one year, the county jail. (3 from 1916 Civil Code) | Does not end with a 10 percent tax rate is set by the legislature, if you do not have the setting of such rate, the interest rate is 7% (Const. Art XV 1). | Broker license information () 25211.5, Ltd. (); insurance companies incorporated (Ins. 1100.1) business licenses and Industrial Development Corporation (Fin. 31410); state and the national debt, the company's Securities and Exchange Law) strain (( bank that is acting as a (Fin. 1504) director (Fin. 7675) state and federal savings and loan association (Fin. Check out also 5000 credit now . 3707) a bank holding company; foreign banks issued (Fin. 1716) based on the 25116) |
| Colorado | 8% maximum rate that can be contracted ( 5-12-101) is 45% ( 5-12-103), unless it is done in two days of Teacher Mon lender ( 5, consumer loans interest rate can not exceed 12% can not be - 201) | Criminal penalties for knowingly exceeding 45%, a felony of class 6 ( 18-15-104) | 8% if none of that is specified in the contract, the contract rate is the rate of the day of judgment in ( 5-12-102 [4]), then the case of a variable | Mortgage savings and loan association ( 11-41-115) ( 5-13-101), business and agricultural loan financing for small and medium enterprises ( 5-13-102) ( 5-13-103) |
| Connecticut | 12% (4 from 37) | Force ( 36A-573) There is no loan | Absent agreement to the contrary, 8% (one from 37) | (9 from 37) loan for financing prior to September 12, 1911, banks, savings and loan, credit union, specific mortgage, loans for automobiles, boats, of higher education, pawn shops and loan broker ( 21 44) |
| Delaware | If they have the same maximum rate was agreed upon in writing (Tit. 6 2301), 5% or more of the Federal Reserve discount rate | Exceeding the speed limit legally required to pay the debtor does not have. Action, when brought within one year of debt if all were paid with interest over legal speed limit, the debtor, you may want to recover $ 500 or the amount of three times the excess interest, whichever is greater (Tit . 6 2304 [B] | If they have the same maximum rate was agreed upon in writing (Tit. 6 2301), 5% or more of the Federal Reserve discount rate | (Tit.6 2301 (c)) is a restriction that is not protected by a mortgage on personal residence is not in excess of $ 100,000 and the borrower's loan |
Continued interest and Table 4:
| State | The maximum rate of legal interest | Usury penalty | Judgment | Exception |
| District of Columbia | The presence or absence of contract: 6% / year. (Up to 3301 from 28) 24%: Up by agreement in writing (up to 3302 from 28) | Loss of interest can be interest, usury paid is recovered (up to 3303 from 28, 3304) | 4% District of Columbia, are allowed at the discretion of the employees acting within the scope of its officers, of employment. Judgment or if the District of Columbia, its officers, acting within the scope of employment of its employees, or interest if it is not the opposite interest rates are not fixed by contract, 3302,26 USC Secretary of the Treasury from ( 28 Must be 70% of the speed set by 6621) | (Up to 3308 from 28, 3602 from 28 to 3601) to direct the Federal Deposit Insurance automobile installment receivables, loans and savings banks and |
| FLORIDA | The average discount rate the Federal Reserve Bank of New York on the previous year, by adding 500 basis points ( 55.03) of the federal average discount rate is determined by the comptroller of the state | Which is a misdemeanor and the penalty of fine of $ 500, and / or up to 60 days of jail credit at a rate of 45 percent from 25: ( 687.04) double repayment, on the criminal usury and the confiscation of all profits is a felony of the third degree of 45% or more. Of loan ( 687.071) of 25% / record is a misdemeanor of the first degree, if you are a crime and tolerance loan, debt do not have legal force to maintain this | Please set annually by the auditor of state by averaging the discount rate of the FRB. NY Federal Reserve Bank to add 500 basis points the previous year. See Also 5000 unsecured loan . Average discount rate to (55.03) | If you obtained the license to create, especially in the business ( 516.031) loan. (See page later 520.01, ) on the sale of automobile |
| Georgia | 7% per year rate is not specified, it must be in writing more than 7%. Principal is less than or equal to 16% maximum $ 3000, $ 3,000 limit, which is between $ 250,000 loan does not have, (7-4-2 if you have a simple interest of ) a written agreement to speed | The loss of the benefit of the entire criminal penalties ( 7-4-10) ( 7-4-18) | Plus 3 percent interest rate is determined prime minister, by the Federal Reserve ( 7-4-12) | Small loan industry ( 7-3-14) |
Continued interest and Table 4:
| State | The maximum rate of legal interest | Usury penalty | Judgment | Exception |
| Hawaii | 10% (2 from 478) | Creditors, it is possible to recover the principal debtor, to recover the cost, the obligee prison and / or (5, 6 from 478) for up to one year and a fine of not more than $ 250 | 10 percent of the judgment of all civil litigation (3 from 478) | |
| IDAHO | Unless the express agreement, 12% ( 28-22-104) | Plaintiff, it is possible to recover the (807,1602 from 6) the amount of actual damage | Year average yield of U.S. Treasury securities are determined by ( 28-22-104) was added to 5% Idaho State accounting | |
| ILLINOIS | Be determined by law to be applied in the (205 minutes 4 815 ILCS) contract time is made | Subject to suit the recipient's double the amount of attorneys' fees and court costs of all interest, and expense (205 minutes of 6 815 ILCS) | Judgment debtor is 9% of the local government unit 6 percent, community colleges (735 ILCS 5/2-1303. 735 ILCS 5/12-109), or a school district | Short-term borrowings (815 ILCS 205/4.1a); (. Of minutes 15 815 ILCS 205/4a 205 ILCS 670) loans under pawnbrokers (670 minutes of 1 205 ILCS) minute consumer installment loans law ( 205 ILCS 2 305 minutes 3605 46) reverse mortgage loans from 3605 to 12 minutes of a 5-minute development loans 510) farm (20 ILCS (205 ILCS) |
| INDIANA | 21% of consumer loans of teachers (24-4.5-3-201) | Misdemeanor for lenders class teacher, to charge beyond the 24-4.5-3-508 of (24-4.5-5-301), consumers of the amount paid in excess of the law intentionally consumer loans are entitled to the refund, the amount of up to three times its discretion (24-4. Check out also 5000 personal loan .5-5-202) | Starting at 6% 45 days after judgment, if there is no agreement between the parties, beginning ( 24-4.6-1-101) date of verdict or findings of the court, at a rate not to exceed contract 8%, or 8% case for the state ( 34-54-8-5) | Teacher loan, the rate of loan is the financial cost of consumer loans has been exceeded (24-4.5-3-501) 21%. |
| IOWA | Unless otherwise agreed in writing that you do not exceed the amount specified by the 5% 535. See Also ayday loan .2 (3) in ( 535.2 (1)) | The plaintiff, can have a major decision for debt without the interest and cost. Remaining unpaid at the time of judgment ( 535.5) confiscation of 8% per annum of the principal | As long as the (up to a maximum amount of 535.2 ) is represented by the contract rate does not ( 535.3), 10% ( 668.13) | Real estate loans, business and agricultural loans ( 535.2 (2)) |
| KANSAS | 10% (201 from 16), maximum speed may be a party to the contract: 15% (207 from 16) | All lose interest. (207 from 16) lose the sum of money to pay attorneys' fees and costs of the borrower | 4% of the above, the judgment on the contract where the federal discount rate as in (204 from 16) the prior judgment on July 1, (205 from 16) agreement rate control | Please note that is protected business and agricultural loans, real estate collateral. (207 from 16) loan modification plan |
Continued interest and Table 4:
| State | The maximum rate of legal interest | Usury penalty | Judgment | Exception |
| Kentucky | Contract does not exist 8%, otherwise, the parties can agree to speed so as not to exceed 4% on the discount rate the Federal Reserve. One of the principal amount of $ 15,000 ( 360.010) Reserve Bank of smaller (19%) | Can be recovered ( 360.020) times the amount paid by the borrower | Unless the contract, 12%, then the contract rate ( 360.040) | Bank ( 360.010 (2)); credit union small loans ( 290.465) ( 288.530) |
| Louisiana | The maximum value of 12% (Civ. Code Ann. Art. 2924) | Interests of the entire forfeiture ( 9:3501) (Civ. Code Ann. Art. 2924) | Statutory interest state agencies ( 13:4202): 6% ( 13:5112) | For the purposes / commercial and business loans ( 9:3509); by the mortgage that is protected by a ( 9:3504) collateralized mortgage obligations ( 9:3504) |
| Main | Unless otherwise agreed 6% (Tit. 9-B 432) | Contract, as long as the contract rate does not (Tit. 14 1602-C), 6% of U.S. Treasury rate plus; contract after the judgment, as long as the contract rate does not (Tit. 14 1602-B), the U.S. Treasury Bill rate plus 6% before the judgment | Pawnbrokers (201 from Tit. 9 2) consumer credit (Tit. 30 3963), secure transactions (up to 1201 from Tit. See Also installment loan for 5000 dollars. 11 9) | |
| Maryland | Up to 8% 6% (103 from Law 12 Com.) in a written agreement (Const. Art III 57.) | $ 500 or forfeit three times the excess of interest rates and fees collected, whichever is greater (114 from Law 12 Com.) | Money judgment is capable of carrying the contract rate until the date originally scheduled maturity (106,107,301 from the Society of 11. Cts. & Ute) 10% | Of unsecured loan that is protected by a non-savings (103 from Law 12 Com.); not been fixed in real estate (103 from Law 12 Com.) loan loan residential mortgage-backed (103 from Law 12 Com. Check out also 2500 to 5000 loan .) (609,610 from Law 12 Com.) installment sale contracts of automobile and other consumer goods retail open-end account (Law 506 12 from Com. Check out also 5000 dollar loan 116% apr.) |
| Massachusetts | Unless the contract, one hundred sixths (Channel 107 3) | More than 20% loan usury crime, high-interest, it is possible to null and void by the Supreme Court of the Supreme Court justice or equity (Channel 271 49) | Tort of 12% an increase of 12% (channel 231 6B), at a rate agreement if the agreement with (Channel 231 6C), for whether frivolous action in good faith counterclaim / defense sanctions (Channel 231 6F ) | Small loans (Channel 140 96), open-end credit life insurance policy loans (Channel 140 114B) (channel 175 142) |
| MICHIGAN | 5%, the maximum velocity at the written contract: 7% 438.31 | Loss of interest of all, formal charge, fee delinquencies or collection, court costs and attorneys' fees ( 438.32) | Interest rate equal to the average interest rate paid at auctions of five years plus one percent. Check out also i need a guaranteed 5000 loan. U.S. Treasuries the previous six months ( 600.6013) January 1 and July 1 | Small loans ( 493.1), credit union loans ( 490.14) |
Continued interest and Table 4:
| State | The maximum rate of legal interest | Usury penalty | Judgment | Exception |
| Minnesota | The contract was written ( 334.01) 8% 6% statutory rate | Payer, it is possible to regain insurance premiums paid ( 334.02) full interest and cost; Bank of forfeiture of all interest and payment of interest of usurious contract; (334.03 47.20), void of great interest result of the credit union or savings and loan, the interest can be recovered is paid to two times ( 48.196) | Decision before December 20 of the previous year ( 549.09) state court administrator on the basis of yield, secondary market | Mortgage ( 52.14) ( 47.204) state credit unions ( 48.195) savings association / state-owned banks; dealer business and agricultural loans under ( 334.19) Securities Exchange Act ( 334.011). Follow the provisions of the plan ( 334.01) Employee Retirement Income Security Act of 1974, collateral ( 334. Check out also 5000 cheaper payday loan .012) savings accounts |
| Mississippi | Shall not exceed 5% or more of the above ( 75-17-1 [2]) discount rate of more than 10 percent of the contract; ( 75-17-1 [1]) 8% | Lose all interest and finance charges. If the rate exceeds the maximum value at 100%, may be collected (principal or interest) amount was paid. Charge high interest rates and fines guilty of a misdemeanor ( 75-67-119) for up to $ 1,000 a person intentionally | If the contract is present, the annual interest rate determined in the contract rate, set by the judge otherwise ( 75-17-7) | Residential real estate loan assoc ( 75-17-1) mobile home ( 75-17-23) partnership, joint venture, religion, society, corporation. Or domestic or foreign shares. (75-17-1 [3]) |
| MISSOURI | Contract does not exist, so as not to exceed 10 percent except in the case of market interest rates ( 408.020) is 9% higher contract ( 408.030) | Usury collection exceeding the speed limit to be applied to the legal principal or debtor, the obligor ( 408.050,060) is, ( 408.030), two times the amount of interest cost recovery litigation, attorneys' fees if there is a possibility to recover be able to | High rate of 9%, the provisions in ( 408.040) legally | Lending to companies, limited liability company general partnership, limited partnership or, is protected by a real estate used for agricultural activities and loan collateral for business loans over $ 5,000 more than 5000 dollars, only real estate loans by other commercial paper has been subjected to ( 408.035) collateral for repayment of the certificate of the shares of non-residential real estate is less than $ 5,000, bond, bill, negotiable certificates of deposit and loans |
| MONTANA | 10% in the written contract ( 31-1-106) prime rate of Bank of New York's major percentage points to the maximum rate of 15%, up to six of the above ( 31-1-107) | Loss of interest of the received double ( 31-1-108) | The contract rate in more than 10% ( 25-9-205) | Transactions between lenders and merchants to financial operations regulations ( 31-1-112) the funds |
Continued interest and Table 4:
| State | The maximum rate of legal interest | Usury penalty | Judgment | Exception |
| NEBRASKA | 16%, otherwise the statutory rate, 6% (from 102 45) contract-up (101. See Also 5000 dollar personal loan .03 from 45) | (110 from 45) legal contract rate does not exceed the principal and interest; only major recovery (105, 110 from 45) | % Or more of a bond equivalent yield, especially as provided by law, (103 from 45), or the contract rate | Installment of the service contract business and the loan guarantee loan for agricultural purposes, and goods by the federal government / state to credit brokerage account, are open; principal in excess of $ 25,000 loan financed by the banking sector, to all companies, savings and loan association , loans to all companies, (101.04 from 45) partnership or trust |
| NEVADA | There is no limit to the parties for what there is agreement, the largest bank in Nevada plus prime interest rate of the other 2% ( 99.040,050) | 2% added to the largest bank in Nevada in the contract rate or prime lending rate ( 17.130) | Licensee will be able to lend at ( 677.730) interest rate | |
| NEW HAMPSHIRE | 10% unless there is set forth in ( 336:1) write different | In addition to the discount rate prevailing on the interest rates of treasury bills of the United States in the last auction before 52 weeks of September each year, rounded to the ( 336:1) rounds will be determined by the accounting of the state as a point of 2% | Educational institutions: public ( 195-F 15): and a small loan ( 374-C 14) pawnbrokers ( 399-3), mortgage loans consumer credit ( 398-2) ( 358-K: 1 ) | |
| NEW JERSEY | If the contract or loan of more than 50 percent to 30 percent of the limited liability company ( 31:1-1) is, ( 2C :21-19) are not allowed up to 16% more than 6% | Guilty and the maximum fine of $ 250,000 loan can be recovered ( 31:1-3) only the amount, of criminal usury ( 2C :21-19) | Emergency housing finance law by more than $ 50,000 loan, savings and loan association, bank, Housing and Urban Committee, in 1970 authorized the Department of other agencies, quasi-government organization or state or federal government ( 31:1-1) | |
| New Mexico | In the absence of a fixed rate contract 15% ( 56-8-3) | If you paid with the loss of all interest, the borrower will be able to recover the amount of times ( 56-8-13) | Unless the judgment, the customer of 8 %, the contract, the contract rate if the interest is to recover, however, if the judgment of the money is for a tort, the judgment interest ( 56-8 - will be 4) 15% | Companies and limited partnerships ( 56-8-9, 56-8-21) pawn broker ( 56-12-13) |
Continued interest and Table 4:
| State | The maximum rate of legal interest | Usury penalty | Judgment | Exception |
| NEW YORK | 16% (501 (a) from Gen. Oblig 5); 14 banks) | . Up to 513 from Oblig 5 Genesis () Bank, savings and loan association may be the borrower to recover the amount of any excess over legal interest;. 511 (a)) note void usury Oblig Genesis (from ( 5 If the company or trust, interest (511 (1. 5 Oblig Genesis)) confiscation and recovery of interest payment times | 9% (Civ. Prac. L. & R. 5003,5004) | Please refer to Gen. Oblig. 501, from page 5; (up to 525 from Genesis Oblig 5) and customer account debit balance of a broker or dealer. |
| North Carolina | 8% ( 24-1). May not contract in the case of a higher rate under $ 25,000. More than $ 25,000, in any case, if there is a potential agreement (up to 1.1 from 24) | Can be recovered (2 from 24) an interest in loss of all interested parties to double pay paid | Or contract rate ( 24-1) (5 from 24) 8% | The first act of trust or mortgage that is protected by a mortgage ( 24-1.1A), savings and loan association (from 24 to 1.4) loans to corporations (from 24 9) equity line of credit ( 24 - 1.2A) |
| North Dakota | Is higher than average interest rate of short-term government bonds 6% ( 47-14-05), 5.5% up to a maximum contract in writing, if there is a need to be 7% ( 47-14-09) at least | Misdemeanor of the class B ( 47-14-11); case of forfeiture interest ( 47-14-10) has been paid 25% of all interest and principal can be paid the amount of time to recovery ( 47-14-10) | Contract rate, otherwise 12% ( 28-20-34) | Lending to companies, institutional money supply, more than $ 35,000 funded by the federal government / state. Lending to ( 47-14-09) Partnership / Limited Partnership |
| OHIO | 8% ( 1343.01) | Excess interest to be applied to ( 1343.04) principal | If the contract rate ( 1343.02), otherwise 10% ( 1343.03) | ( 1343.01) is protected by the Deed of Trust business loan, or mortgage, that are registered broker / dealer. Amounts in excess of $ 100,000 |
| OKLAHOMA | 6%, or by contract (Tit. 15 266) | The loss of the benefit of the whole, if the amount of more than legal interest has been paid, it may be recovered (. Const. Art XIV 3) to double. The bank, at a rate of usury cancel charter and liquidation of the assets of the bank if the bank is guilty of lending (15 272) | So as not to exceed 10% in the lawsuit against the political subdivision / state average contract rate of self-bill rate of the previous year, above, points or 4%, (Tit. 12 727) | (Tit. 59 1510), small loans (up to 201 from Tit. Check out also 5000 dollar installment loan . 14A 3) (uniform consumer credit code) Cup pawnshop retail |
Continued interest and Table 4:
| State | The maximum rate of legal interest | Usury penalty | Judgment | Exception |
| Oregon | Unless otherwise agreed, 9% ( 82.010) | Interest of the borrower, shall be forfeited to repay ( 82.010) principal loan | Unless the contract, and 9%, then contract rate ( 82.010) | Business and agricultural loans, loans under $ 50,000 ( 82.010). 706.008, trust companies and financial institutions that are defined in the license under the consumer finance has been defined under the chapter. See Also 411 title loan . 725, pawn shops are licensed under Ch. 726, loan collateral, the U.S. government, lenders have been approved under the loan collateral through commercial paper and securities, broker-dealers, under the ( 82. Check out also 5000 usa pay loan .025) Securities Exchange Act of 1934 Housing Act National, a real estate registration |
| Pennsylvania | 6% (Tit. 41 201,202) | Not be able to recover triple the amount of excess required to pay an amount equal to at least the statutory rate borrowers. Can be awarded attorneys' fees, intentional violation. (See later page 501 Tit. 41 ) is a three-degree misdemeanor | In a legitimate interest (Tit. 42 8101) | (Tit. 41 301,302) agency / department of management and other veteran of the Federal Housing Administration, the U.S. government; business loan of more than $ million, or unsecured, loan of more than $ 35,000 total noncollat erialized, money more than $ 50,000 principal amount of the goodwill of the original obligation to pay (41 301) |
| Rhode Island | Contract does not exist otherwise if 12% ( 6-26-1), otherwise, 21% ( 6-26-2) | Contract shall be null and void. Violation knows is criminal usury to imprisonment ( 6-26-3) for up to five years. Be able to recover twice the usurious interest ( 6-26-4) paid borrower | Unless otherwise agreed ( 9-21-10) 12% rate already otherwise | Pawn shop or open-end credit plan ( 6-26-2) revolving licensors ( 19-26-18), retail sales finance costs ( 6-27-4) |
| South Carolina | 8 % ( 34-31-20) | Although the penalty was abolished usury law June 25, 1982, the old law, may be applied to the transaction before ( 34-31-50 old) | 12% ( 34-31-20) | Please refer to the South Carolina Consumer Protection Code. (See page since 37-1-101). |
Continued interest and Table 4:
| State | The maximum rate of legal interest | Usury penalty | Judgment | Exception |
| SOUTH DAKOTA | Contract does not exist, 12% state of various official interest rate ( 54-3-4): Category - 4 %, category B-10%, category C-12%, D-1% fall into each month or fraction thereof; Category E-4%, category F-15%, months or minutes category G-5/6 months, percent of that per ( 54-3-16) | Penalty abolition July 1982 | 10% ( 54-3-5.1) | Real estate loans, security agreements the Uniform Code credit, revolving charge account lender regulations ( 54-11-5) (54-3-13) |
| Tennessee | 10% ( 47-14-103) | Unenforceable contract, collection of willful, is a Class A misdemeanor ( 47-14-112), conscience, the lender must refund rates, fees, and fees, the plaintiff was successful ( 47 If you can recover reasonable attorneys' fees -14-117) is found | Contract at a rate of more than 10% ( 47-14-121) | Financing under ( 45-2-1106) loans of thousands of dollars. Savings and loan association ( 47-14-104) loan lump sum ( 45-3-705) (47-14-104) |
| TEXAS | If not specified, 6% (Finance 302.002) | Massive amount of three times that are calculated by subtracting the amount of interest that are allowed by law from the total amount of interest contracted for is, or received, charging, 20% of the amount of principal or $ 2,000, or both obligee is (which is less than 305. Check out also 2600 loan glendale ca .003 from financial 305.001) or have a responsibility also is responsible for reasonable attorneys' fees (Finance 305.005), each crime is a misdemeanor and a fine of up to $ 1000 ( 305.008 of Finance) | The contract rate is lower contract rate, or 18% (Finance 304.002) if | (Finance 303.305) loan account for the purposes of the Similarly, the open-end business, commercial, or investment |
Continued interest and Table 4:
| State | The maximum rate of legal interest | Usury penalty | Judgment | Exception |
| UTAH | 1015-1-1 | 76-6-520 | 112postjudgment15-1-4 | 11-6-4 |
| 12Tit. 941A | 500/61Tit. 950 | 12Tit. 122903 | Tit. 941A2405Tit. 241761RVTit. 941a | |
| VIRGINIA | 86.1330.53 | 6.1330.57 | 96.1330.54 | 6.1330.64/6.1330.666.1330.486.1330.716.1330.77 |
| 1219.52.0101 | 219.52.0301 | 124.56.110 | 19.52.11019.52.10019.52.13019.52.12019.52.160 |
4
| State | ||||
| 647-6-5847-6-5B | void10047-6-6446A-5-10346A-5-104 | 1056-6-3146A-3-111 | 33-13-846A-3-10147-6-11 | |
| WISCONSIN | 5138.04 | 6138.062$ 25$ 500/ | 12815.058 | 138.041138.0527;138.055;218.0142 |
| 740-14-106 | 101-16-102;1-6-102c | 40-14-121 |
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