I'm having one of those days.
I've got an LO wanting to do a commercial loan with an APR above 24%.
I have always thought the cap was for all loans not just consumer, but I am having a terrible time finding the statute today.
Can anyone confirm the 24% cap is for commercial as well as consumer lending?
And would anyone be able to help me with the statute number?
"Do or do not ... There is no try"