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Q: What is the maximum interest rate on a promissory note allowed by federal law?
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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 interest rate for a student loan consolidation loan?

The maximum interest rate for consolidating FEDERAL student loans is 8.25%. If your student loans are not federal loans, though, there is no maximum interest rate.


What is the maximum allowable interest rate on a promissory note in the state of Idaho?

State laws change constantly, but at the moment it is 12%. Most banks and credit card companies, as well as finance companies, are exempt from this.


What is the maximum interest rate on a personal unsecured loan in Missouri?

For basic personal unsecured loans, the maximum interest rate is 9% per year. For payday loans, the maximum effective interest rate may not be more than 75% of the principal (additively including renewals for which 6 are allowed by the state)


What is max interest rate allowed on new vehicles?

There is no federal law limiting auto loan interest rates. State regulations limit them. Most states have upper limits ranging from 8% maximum, to 20% or more. Shop different dealers or lenders for the lowest rate your credit rating will permit.


What is the Maximum Dollar amount allowed to win in any Canadian Lottery by Federal Law?

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What is the maximum allowable interest rate on a promissory note between two private parties in the state of Idaho?

from http://www.lectlaw.com/files/ban02.htm


What is the maximum percentage allowed for wage garnishment in Georgia?

In Georgia, the maximum percentage allowed for wage garnishment is 25% of disposable earnings or the amount by which disposable earnings exceed 30 times the federal minimum wage, whichever is less.


Maximum interest on promissory note in the state of California?

No more than 10% if it's for personal uses (which doesn't include work on real property), and this does not apply to notes under the Bank Act, Building and Loan Act, or Agricultural Act.


What is the maximum percentage allowed for wage garnishment in Delaware?

In Delaware, the maximum percentage allowed for wage garnishment is 25% of disposable earnings or 30 times the federal minimum wage per week, whichever amount is greater.


What are the Federal Sentencing Guidelines for indecent assault?

The maximum sentence for indecent assault (sexual assault) is 20 years. This means that the sentence is at the digression of the judge, but by federal law it is not allowed to exceed 20 years.


What is the highest interest rate allowed by NY law?

In New York, the legal maximum interest rate is 16% per year for most types of loans. However, for some types of loans, such as payday loans, the maximum interest rate is lower. It's always important to check the specific regulations for the type of loan you are considering in New York.