When making loans, is there a maximum rate of interest allowed under the act?
Yes. The rate of interest specified in the note must not exceed twenty-five percent per annum.
[Statutory Authority: RCW
43.320.040,
31.04.165 and 2010 c 35. WSR 10-20-122, § 208-620-235, filed 10/5/10, effective 11/5/10. Statutory Authority: RCW
43.320.040,
31.04.165, 2009 c 120, and 2009 c 149. WSR 09-24-090, § 208-620-235, filed 12/1/09, effective 1/1/10. Statutory Authority: RCW
43.320.040,
19.144.070, 2008 c 78. WSR 09-01-159, § 208-620-235, filed 12/23/08, effective 1/23/09. Statutory Authority: RCW
31.04.165,
31.04.015,
31.04.045,
31.04.075,
31.04.085,
31.04.093,
31.04.102,
31.04.115,
31.04.145,
31.04.155, and
31.04.175. WSR 06-04-053, § 208-620-235, filed 1/27/06, effective 2/27/06.]