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Pennsylvania Interest Rates Laws
More Information on Interest Rate Laws
| Legal Maximum Rate of Interest | 6% (Tit. 41 §§201, 202) |
| Penalty for Usury (Unlawful Interest Rate) | Borrower not required to pay amount over legal rate and may recover triple the amount in excess; attorney's fees may be awarded and an intentional violation is 3rd degree misdemeanor (Tit. 41 §§501, et seq.) |
| Interest Rates on Judgments | Interest at lawful rate (Tit. 42 §8101) |
| Exceptions | Federal Housing Administration, Veteran's Administration or other department/agency of U.S. government (Tit. 41 §§301, 302); business loans in excess of $10,000; unsecured; noncollaterialized loan in excess of $35,000; obligation to pay a sum of money in an original bona fide principal amount more than $50,000 (41 §301) |
Note: State laws are constantly changing -- contact an attorney or conduct your own legal research to verify the state law(s) you are researching.
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- Official State Codes - Links to the official online statutes (laws) in all 50 states and DC.
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