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Re: Usery Laws

Posted by Nick(Colorado) on May 10, 2002 at 12:02 AM

In Reply to: Usery Laws posted by greg on May 10, 2002 at 10:17 AM

Greg:

I currently own a redemption with an "in default" rate
of 21%. (I feel like a credit card company) The 21% rate
was obviously chosen to avoid usury.

Read the TD, if the note has an "in default" rate it
may be called out.


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