The rate of interest prescribed by state law that prevails in the absence of an agreement stating the rate of interest.
Related information about legal rate of interest:
- Legal Rate Of Interest Definition | Investopedia
The legal rate of interest applies to all types of debt, although this rate may differ from one type of debt to another. This limit is set to prevent lenders from ...
- Statutory Interest Rates - Florida's Department of Financial Services
Florida Department of Financial Services. STATUTORY INTEREST RATES. PURSUANT TO SECTION 55.03, FLORIDA STATUTES. Chapter 2011-169, Laws of ...
- Legal Rate Of Interest: Definition from Answers.com
Legal Rate of Interest 1. Maximum loan interest rate permitted by state law. An interest rate in excess of the legal rate is considered Usury the penalties.
- Legal Rate of Interest - Idaho State Treasurer's Office
The legal rate of interest also known as the "judgment rate" on ...
- Legal Rate of Interest - Legal Dictionary - The Free Dictionary
A term used in accounting to describe either an entry on the righthand side of an account or the process of making such an entry. A credit records the increases ...
- State Interest Rates and Usury Limits
ALABAMA, the legal rate of interest is 6%; the general usury limit is 8%. The judgment rate is 12%. ALASKA, the legal rate of interest is 10.5%; the general usury ...
- Legal Rate of Interest
Sep 1, 1999 ... For most purposes under the Texas Securities Act, the legal rate of interest is set by referencing the following provision of the Texas Finance ...
- Alaska Statutes: AS 45.45.010. Legal Rate of Interest; Prepayment of ...
Legal Rate of Interest; Prepayment of Interest. (a) The rate of interest in the state is 10.5 percent a year and no more on money after it is due except as provided ...