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What is the usury law in North Carolina? |
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Usury in NC
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!"
First answer by Fledermaus. Last edit by Fledermaus. Contributor trust: 666 [recommend contributor]. Question popularity: 37 [recommend question]
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