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#738550 - 05/23/07 02:28 PM 6% Limitation - Non owner occupied property
02bonne Offline
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Joined: Nov 2005
Posts: 620

Does the 6% limitation apply to non-owner occupied properties (ie a duplex or multifamily? Thanks,

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Lending to Servicemembers (SCRA, JWNDAA), War, Terrorism
#738591 - 05/23/07 02:47 PM Re: 6% Limitation - Non owner occupied property 02bonne
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 47,530
Bloomington, IN
Yes. The SCRA's interest rate limitations (207(a)) do not differentiate between consumer and business debt.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

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#738762 - 05/23/07 04:16 PM Re: 6% Limitation - Non owner occupied property Dan Persfull
02bonne Offline
Platinum Poster
Joined: Nov 2005
Posts: 620
Thanks!

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