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#1511436 - 02/17/11 05:20 PM Usury limits
nbk2yj2 Offline
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Joined: Aug 2006
Posts: 629
Paradise!
Is the usuary limit for any given state the simple interest rate or does it appy to the APR?

If i have a loan at an acceptible rate but because of finance charges effecting the APR i am now above the usury limit. What is it based on, stated rate or APR?

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#1511445 - 02/17/11 05:26 PM Re: Usury limits nbk2yj2
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 46,637
Bloomington, IN
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The opinions expressed are mine and they are not to be taken as legal advice.

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#1511454 - 02/17/11 05:33 PM Re: Usury limits Dan Persfull
nbk2yj2 Offline
Platinum Poster
Joined: Aug 2006
Posts: 629
Paradise!
Would you happen to know what it is for Florida?

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#1511520 - 02/17/11 06:52 PM Re: Usury limits nbk2yj2
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 46,637
Bloomington, IN
Nope, we don't do business in FL.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

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