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#2124283 - 03/29/17 09:08 PM Maximum APR
Cracked Egg Offline
Member
Joined: Sep 2013
Posts: 52
Kentucky
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
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CRCM
"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
KYAuditor
Joined: Jan 2003
Posts: 138
Kentucky

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

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