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#2124283 - 03/29/17 09:08 PM Maximum APR
Cracked Egg Offline
Joined: Sep 2013
Posts: 52
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?

Thank you
"Do or do not ... There is no try"

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#2124311 - 03/30/17 12:13 PM Re: Maximum APR Cracked Egg
KYAuditor Offline
100 Club
Joined: Jan 2003
Posts: 138

Try KRS 286.3-214.
Just my 2 cents worth--for what its worth!!

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