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re: Just took on a client who took out pay day loans
Posted on 2/5/18 at 12:37 pm to KiwiHead
Posted on 2/5/18 at 12:37 pm to KiwiHead
It's fee driven rather than rate driven.
Some state (most recently NY and NJ to follow soon) that are changing state law to include transactional fees into the usary law calculation.
La does not, the 36% usary law in La is strictly interest.
Some state (most recently NY and NJ to follow soon) that are changing state law to include transactional fees into the usary law calculation.
La does not, the 36% usary law in La is strictly interest.
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