WAC 208-620-235: Is there a maximum rate of interest allowed under the act?

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WACs > Title 208 > Chapter 208-620 > Section 208-620-235

Print Version | [In English]

208-620-230 << 208-620-235 >> 208-620-240

WAC 208-620-235	Agency filings affecting this section
Is there a maximum rate of interest allowed under the act?

Yes. The note rate of interest may not exceed twenty-five percent per annum.

[Statutory Authority: RCW 43.320.040, 31.04.165, 2009 c 120, and 2009 c 149. 09-24-090, § 208-620-235, filed 12/1/09, effective 1/1/10. Statutory Authority: RCW 43.320.040, 19.144.070, 2008 c 78. 09-01-159, § 208-620-235, filed 12/23/08, effective 1/23/09. Statutory Authority: RCW 31.04.165, 31.04.015, 31.04.045, 31.04.075, 31.04.085, 31.04.093, 31.04.102, 31.04.115, 31.04.145, 31.04.155, and 31.04.175. 06-04-053, § 208-620-235, filed 1/27/06, effective 2/27/06.]