Maximum APR

Posted By: Cracked Egg

Maximum APR - 03/29/17 09:08 PM

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
Posted By: KYAuditor

Re: Maximum APR - 03/30/17 12:13 PM

Try KRS 286.3-214.