interest rates - Posted by cris

Posted by JPiper on April 18, 1999 at 13:51:37:

My guess is that your accountant is all wet…but who knows. Check the usury law for your state. You might try findlaw.com. Or call some of the state agencies and ask.

JPiper

interest rates - Posted by cris

Posted by cris on April 18, 1999 at 11:18:11:

Does anyone know what the law in Michigan is if you hold more than one Land Contract? My acountant thinks I may legally be able to only charge 7 percent interest on anything more than one LC. Can anyone help me on this question?