LD 473
pg. 4
Page 3 of 4 An Act To Limit the Interest Rate on Consumer Credit Transactions LD 473 Title Page
Download Bill Text
LR 342
Item 1

 
excess of that set forth in this section or the agreement
between the consumer and the creditor.

 
SUMMARY

 
This bill limits the rate of interest that may be charged on
consumer credit loans, such as credit cards and automobile
loans, to 12% per year.


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