For a loan secured by such collateral older than the current or previous model year, the maximum legal interest rate is 20%.for a second mortgage, the maximum legal interest rate is 18%. Exception no exceptions

(6) Except as provided under subsections (1) through (5) of this section, judgments shall bear interest from the date of entry at the maximum rate permitted under RCW 19.52.020 on the date of entry thereof. In any case where a court is directed on review to enter judgment on a verdict or in any case where a judgment entered on a verdict is wholly or partly affirmed on review, interest on the (a) Where can I get my questions answered, or learn more about what I owe and how to report it? Washington's tax system is based largely on voluntary compliance. Taxpayers have a legal responsibility to become informed about applicable tax laws, to register with the department, to seek instruction from the department, to file accurate returns, and to pay their tax liability in a timely manner Usury Laws by State – Legal maximum interest rates a lender can charge Each state has a Usury law that limits the amount of interest a lender can charge. It is a good idea to check your state’s usury laws before signing loan agreements. Your state's usury laws determine the maximum interest rate that a lender is permitted to charge. This could be anywhere from 5 to 24 percent, depending on where you live. However, the rules are complex and the rate caps don't always apply to car loans. In the United States, the maximum interest rates financial institutions can charge are controlled by state law, and they vary from state to state. For example, Delaware sets the limit at 5 percent above the current federal discount rate while some other states have no limits at all. State Loan Type Loan Amount Lien Type Maximum Interest Rate Citation Delaware (Click to return to Table of Contents) Federally Related Mortgage Loans Any First Exempt from state law limitations 12 USCA §§ 1735f-7 & 1735f-7a 12 CFR §§ 590.1 through 590.101 Revolving Credit Plan14, or Closed-end Loan15 Any Any As contracted for DEL.

So without a contract (which exempts these limits), the maximum rate of interest allowed in Washington is 12 percent. State Usury Laws in General State laws that place limits on the amount of interest a creditor may charge are sometimes called usury laws .

Because there are many laws and factors affecting interest rates, it is difficult to get a clear picture of why some loans have higher interest rates than others. Interest rates in Washington State (including discount points, fees and other charges that could affect an overall rate) may vary a lot according to many factors: (1) In the light of 1981 legislation, the maximum rate of interest, or service charge, which may now lawfully be imposed in connection with designated types of transactions is as follows: (a) Contract sales of real property‑-the higher of twelve percent per annum or four percentage points over (1) Any rate of interest shall be legal so long as the rate of interest does not exceed the higher of: (a) Twelve percent per annum; or (b) four percentage points above the equivalent coupon issue yield (as published by the Board of Governors of the Federal Reserve System) of the average bill rate for twenty-six week treasury bills as determined at State Interest Rate Laws Legal interest rates can depend on the lender, borrower, loan amount, and the subject of the transaction. Choose a link from the list below for state-specific interest rate laws, including maximum rates, exceptions to interest rate limits, and more. For a loan secured by such collateral older than the current or previous model year, the maximum legal interest rate is 20%.for a second mortgage, the maximum legal interest rate is 18%. Exception no exceptions ARKANSAS: The legal rate of interest is 6%; for non-consumers, the usury limit is 5% above the Federal Reserve's interest rate; for consumers, the general usury limit is 17%. Judgments bear interest at the rate of 10% per annum, or the lawful agreed-upon rate, whichever is greater. (6) Except as provided under subsections (1) through (5) of this section, judgments shall bear interest from the date of entry at the maximum rate permitted under RCW 19.52.020 on the date of entry thereof. In any case where a court is directed on review to enter judgment on a verdict or in any case where a judgment entered on a verdict is

Your state's usury laws determine the maximum interest rate that a lender is permitted to charge. This could be anywhere from 5 to 24 percent, depending on where you live. However, the rules are complex and the rate caps don't always apply to car loans.

So without a contract (which exempts these limits), the maximum rate of interest allowed in Washington is 12 percent. State Usury Laws in General State laws that place limits on the amount of interest a creditor may charge are sometimes called usury laws . For many years, the Federal Reserve rate on 26-week treasury bills has remained below 8%, so that Washington State’s maximum interest rate under the general usury law has effectively been 12%. Because there are many laws and factors affecting interest rates, it is difficult to get a clear picture of why some loans have higher interest rates than others. Interest rates in Washington State (including discount points, fees and other charges that could affect an overall rate) may vary a lot according to many factors: (1) In the light of 1981 legislation, the maximum rate of interest, or service charge, which may now lawfully be imposed in connection with designated types of transactions is as follows: (a) Contract sales of real property‑-the higher of twelve percent per annum or four percentage points over (1) Any rate of interest shall be legal so long as the rate of interest does not exceed the higher of: (a) Twelve percent per annum; or (b) four percentage points above the equivalent coupon issue yield (as published by the Board of Governors of the Federal Reserve System) of the average bill rate for twenty-six week treasury bills as determined at State Interest Rate Laws Legal interest rates can depend on the lender, borrower, loan amount, and the subject of the transaction. Choose a link from the list below for state-specific interest rate laws, including maximum rates, exceptions to interest rate limits, and more.

Rate in absence of agreement — Exception for prejudgment interest — Application to consumer leases. 19.52.020: Highest rate permissible — Setup charges. 19.52.025: Computation of rates — Publication in the Washington State Register. 19.52.030: Usury — Penalty upon suit on contract — Costs and attorneys' fees. 19.52.032

For many years, the Federal Reserve rate on 26-week treasury bills has remained below 8%, so that Washington State’s maximum interest rate under the general usury law has effectively been 12%. Because there are many laws and factors affecting interest rates, it is difficult to get a clear picture of why some loans have higher interest rates than others. Interest rates in Washington State (including discount points, fees and other charges that could affect an overall rate) may vary a lot according to many factors: (1) In the light of 1981 legislation, the maximum rate of interest, or service charge, which may now lawfully be imposed in connection with designated types of transactions is as follows: (a) Contract sales of real property‑-the higher of twelve percent per annum or four percentage points over (1) Any rate of interest shall be legal so long as the rate of interest does not exceed the higher of: (a) Twelve percent per annum; or (b) four percentage points above the equivalent coupon issue yield (as published by the Board of Governors of the Federal Reserve System) of the average bill rate for twenty-six week treasury bills as determined at State Interest Rate Laws Legal interest rates can depend on the lender, borrower, loan amount, and the subject of the transaction. Choose a link from the list below for state-specific interest rate laws, including maximum rates, exceptions to interest rate limits, and more.

4 Apr 2019 Legislation would allow states to cap credit card interest rates for their residents. Washington, DC – U.S. Senators Sheldon Whitehouse (D-RI), Elizabeth or legal structure—must abide by the interest rate limits of the states in 

1 Jan 2008 interest rate provisions in real estate mortgage loan transac- 53 Federal law preempts the application of state usury limits to many residential. charge interest on the unpaid balance, presuming Washington law applies, at the rate of 12%. Attached is a webpage indicating usury limits  You should check your State for amendments and changes to these laws. ALABAMA: Legal Usury limit is 5 percent above the Federal Reserve interest rate as of the date of the loan. ARIZONA: For loans exceeding $500,000, the maximum rate is 25 percent. WASHINGTON: Legal rate of interest is 12 percent . General  The maximum allowable interest rate applicable for the month of September 2019 pursuant to RCW 19.52.020 is twelve point zero percent (12.00%) per annum. The auction yield of the August 5, 2019 auction of the six-month Treasury Bill was 2.002%. The interest rate required by RCW 4.56.110(3)(a) and 4.56.115 for the month of September 2019 is 4.002%. So without a contract (which exempts these limits), the maximum rate of interest allowed in Washington is 12 percent. State Usury Laws in General State laws that place limits on the amount of interest a creditor may charge are sometimes called usury laws . For many years, the Federal Reserve rate on 26-week treasury bills has remained below 8%, so that Washington State’s maximum interest rate under the general usury law has effectively been 12%.

(1) Any rate of interest shall be legal so long as the rate of interest does not exceed the higher of: (a) Twelve percent per annum; or (b) four percentage points above the equivalent coupon issue yield (as published by the Board of Governors of the Federal Reserve System) of the average bill rate for twenty-six week treasury bills as determined at State Interest Rate Laws Legal interest rates can depend on the lender, borrower, loan amount, and the subject of the transaction. Choose a link from the list below for state-specific interest rate laws, including maximum rates, exceptions to interest rate limits, and more.