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tex usuary law

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ralos66 Joined: 16 Nov 2006 Posts: 1 1.40 Dollars($)	Posted: Thu Nov 16, 2006 9:40 am    Post subject: tex usuary law What is max legal interest on a consumer personal loan of $68000.00 for one year? (Texas)
p.sharon Guest 0.10 Dollars($)	Posted: Thu Nov 16, 2006 12:21 pm    Post subject: Hi, From what I have seen the rates you can get will be in the region of 12-13%.
colin Moderator Joined: 30 Jun 2006 Posts: 602 Location: Waltham, Massachusetts 112.62 Dollars($)	Posted: Thu Nov 16, 2006 2:05 pm    Post subject: Hi Ralos, Instead of personal loans if you have question about mortgage loans then I shall be able to help you better with the required information. Thanks Colin
oscar m. coile Guest 0.10 Dollars($)	Posted: Wed Jan 17, 2007 2:29 pm    Post subject: usuary laws What's the maximum rate under usuary laws in California? .wer567@cox.net
maria Guest 0.10 Dollars($)	Posted: Wed Jan 17, 2007 3:09 pm    Post subject: In California the rate is 10% for a loan for household or personal purpose. Maria
maria Guest 0.10 Dollars($)	Posted: Wed Jan 17, 2007 3:21 pm    Post subject: One more thing; if the loan is for house purchase or its improvement then it is not regarded as taken for personal purpose. For such type of loans the rate is higher of the two - ten percent or five percent greater than the amount charged by FRBSF (Federal Reserve Bank of San Francisco) for advances to its member banks. Maria
adonis Joined: 22 Oct 2005 Posts: 1628 Location: ALASKA 165.46 Dollars($)	Posted: Thu Jan 18, 2007 2:49 am    Post subject: Welcome Oscar. Usury in California is prohibited by the state laws. The state law sets the maximum interest rate at 10% per year for any loan used for personal, family and household requirements. _________________ Procrastination is the enemy of your financial sucess
Rayman Guest 0.10 Dollars($)	Posted: Wed Jan 24, 2007 9:19 am    Post subject: max. int. on personal home 2nd trust deed What is the maximun interest rate and points that can be charged for refinancing a new 2nd trust deed for 5 years in California
adonis Joined: 22 Oct 2005 Posts: 1628 Location: ALASKA 165.46 Dollars($)	Posted: Wed Jan 24, 2007 9:40 pm    Post subject: Welcome Rayman. The maximum rate of interest charged for refinancing a second trust deed in California is 10%. The number of points will vary from one lender to another. _________________ Procrastination is the enemy of your financial sucess
Rayman Guest 0.10 Dollars($)	Posted: Thu Jan 25, 2007 7:32 am    Post subject: Maximum points by law in calif. Thank you for your previous answer on max. int. in calif. Is there. by law, a maximum amount of points that can be charged on placing a second trust deed on a personal residence in Calif.
Mac_7 Guest 0.10 Dollars($)	Posted: Fri Jan 26, 2007 3:02 am    Post subject: The maximum discount points on FHA loan in California is 4.
javier Guest 0.10 Dollars($)	Posted: Tue Sep 02, 2008 6:03 pm    Post subject: usuary on a3rd commercial loan in ca. HOW DO USARY LAWS APPLY TOCOMMERCIAL LOANS IN CALIF.
jameshogg Joined: 20 Dec 2005 Posts: 1812 Location: nevada 268.37 Dollars($)	Posted: Fri Sep 05, 2008 12:07 am    Post subject: Hi javier, Welcome to forums. Most states in US do not have prevailing commercial usury laws for commercial loans. Only 5 states offer a cap on the interest rates for these loans. In case of California, as per usury laws on commercial loans, the interest rate charged on a loan or forbearance should not exceed 5% per annum plus the rate available on the 25th day of the month. Thanks

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