Usury Rates by State
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The usury rates and laws are the maximum allowable interest rates to be charged to a borrower who cannot pay a loan amount. The rates are decided on a State by State basis as a lender or borrower may choose to view their state to see their rate. All rates are on a yearly basis (*per annum).
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The interest rate is calculated as follows;
____________ Loan Amount Times (X) Usury Rate = Yearly Interest Rate
____________ Loan Amount Times (X) Usury Rate Divided By (/) Twelve (12) = Monthly Interest Rate
Usury Rates By State
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