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According to the lectlaw.com page linked to the right: "NORTH CAROLINA, the legal interest rate and the general usury limit is 8%. However, there is a provision for a variable rate, which is 16% or the T-Bill rate for non-competitive T-Bills. Above $ 25,000 there is no express limit. However, the law providing for 8% is still on the books - be careful and see a lawyer!"

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Q: What is the usury law in North Carolina?
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