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What is the legal interest rate in NJ for condominium associations?
Wiki User
∙ 13y ago
Your governing documents could specify the interest rate.
Wiki User
∙ 13y ago
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What is the minimum legal interest rate?
Interest rates change on a daily basis, so there is no legal interest rate. If you mean predatory lending then google this subject matter and speak to a professional about this situation. There is a max that a Mortgage Banker or Loan Officer can give you when it comes to interest rate quotes.
What is Colorado's maximum legal permissible interest rate?
20
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what is the highest interest rate a car dealer can charge on an auto loan in sc?
What is the highest allowable interest rate for used card in Iowa?
IOWA, the legal rate of interest is 10%. In general consumer transactions are governed at a maximum rate of 12%.
When a company charges over the legal interest rate is called?
Usury.
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There is no legal limit.
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24.99%
Is a interest rate of 40 percent per month legal for a cash loan?
It's a very high interest rate but not illegal. A rate this high will give you an incentive to pay it back quickly.
What factors affect the home refinance loan rate?
Some of the many factors are: credit score, loan term, loan size, and the type of residence. Obviously, a better credit score is likely to get you a better loan rate. Longer term loans also tend to have a higher interest rate. Larger loans have higher interest rates. The type of residence also impacts the loan rate because some residences are considered more risky than others. For example, a condominium is considered more risky than a single family home. Therefore, a condominium will often have a slightly higher interest rate.
What is the legal maximum interest rate that a small business can charge for a past due account?
In Wisconsin, what is the maximum allowable monthly interest rate I can charge customers who are delinquent in their bills?
what is the maximum rate of interest permited by the state of TN on a new car loan.?
The rules are that the legal rate and judgment rate of interest is 10%. The general usury limit is 24%, or four points above the average prime loan rate, WHICHEVER IS LESS.
What interest rate does a moneylender charge for lending you money?
The highest rate that they can get away with. There are legal limits, and if they charge too much, no one will do business with them.
