Quote:
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Originally Posted by killshot
"Should the note not be repaid at or before the due date, then the note shall accrue interest at the highest possible legal rate permitted in the State of Florida."
anyone know what the highest possible interest rate is in florida?
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This was on some legal site, could be wrong:
FLORIDA, the legal rate of interest is 12%; the general usury limit
is 18%. On loans above $ 500,000 the maximum rate is 25%.