Florida Attorney General Reports October 29, 1975 (Ago)
Also known as
United States · · · 29-10-1975
QUESTIONS: 1. Is it a violation of Ch. 687, F.S. (Interest and Usury), for a lender to calculate interest on a 360-day year, when an individual is charged the maximum rate of 10 percent interest? 2. What is meant by the term "per annum" as it relates to interest? SUMMARY: It is a violation of Ch. 687, F.S.
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