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What is the maximum allowable interest rate on a promissory note between two private parties in the state of Idaho?
Wiki User
∙ 15y ago
from http://www.lectlaw.com/files/ban02.htm
Wiki User
∙ 15y ago
Wiki User
∙ 15y ago36% in some cases. Check the law yourself or with a knowledgable person.
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What is the maximum allowable interest rate on a promissory note between two private parties in the state of Georgia?
If the promissory note is for less than $3,000, the maximum allowable interest rate in Georgia is 16% per year. If the promissory note is for $3,000 or more, the maximum allowable interest rate in Georgia is 60% (yes - 60%) per year and may only be computed as simple interest.
What is the maximum allowable interest rate on a promissory note in the state of Idaho?
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