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EGCR’s Fun Legal Fact of the Week

EGCR’s Fun Legal Fact of the Week

EGCR’s Fun Legal Fact of the Week is here to help you get through the work week by sharing a random fact about a state law, regulation, and more!

 

In the state of Colorado, the law is that consumer loan interest rates are capped at 12%, but this standard does not apply to mortgage and business loans.

However, if there are no agreement terms established, the interest rate is capped at 8%. Additionally, Non-consumer loans are capped at 45% interest rate.

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