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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Usury Laws Posted by Ward-CA- on May 10, 2002 at 11:04 AM In Reply to: Usery Laws posted by greg on May 10, 2002 at 10:17 AM : Hi Ward: : If a CA mortgage goes into default, does the interest rate balloon to say 18% per annum until the mortage is reinstated/retired? : Thanks =•=•=•=•=•=•=•=•=•=•= In CA, the interest rate involving residential property wouldn't balloon during foreclosure unless the terms of the promissory note provided for it. I have never seen or heard of such a provision but who knows what creative minds will dream up. Follow Ups: Re: Usury Laws darla 5:37 AM, 01/26/04 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : Hi Ward: : : If a CA mortgage goes into default, does the interest rate balloon to say 18% per annum until the mortage is reinstated/retired? : : Thanks : =•=•=•=•=•=•=•=•=•=•= : In CA, the interest rate involving residential property wouldn't balloon during foreclosure unless the terms of the promissory note provided for it. I have never seen or heard of such a provision but who knows what creative minds will dream up. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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