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Maximum Legal Rate definition: Copy, customize, and use instantly

Introduction

The term "Maximum Legal Rate" refers to the highest interest rate permissible by law for lending or borrowing transactions, such as loans or credit agreements. This rate is important because it ensures that financial transactions comply with applicable laws and regulations, preventing usurious interest charges. Understanding the "Maximum Legal Rate" helps ensure that contracts do not exceed legally permissible rates.

Below are various examples of how "Maximum Legal Rate" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.

This definition ties "Maximum Legal Rate" to the statutory interest rate established by law.

"Maximum Legal Rate" means the highest interest rate allowed by applicable law for loans or credit transactions, which cannot be exceeded under any circumstances.

This definition connects "Maximum Legal Rate" to usury laws that govern lending.

"Maximum Legal Rate" refers to the interest rate prescribed by applicable usury laws, beyond which any interest charged is considered unlawful.

This definition links "Maximum Legal Rate" to the legally permissible rate for financial agreements.

"Maximum Legal Rate" means the interest rate that is the highest allowable under state or federal law, above which no interest may be charged.

This definition applies "Maximum Legal Rate" to the context of contract terms that must comply with legal limits.

"Maximum Legal Rate" refers to the highest rate of interest that may be charged in a contract, as determined by applicable jurisdictional laws, without violating legal restrictions.

This definition ties "Maximum Legal Rate" to the concept of an interest rate ceiling.

"Maximum Legal Rate" means the ceiling on the interest rate, beyond which any contractual agreement would be deemed unenforceable under the law.

This definition connects "Maximum Legal Rate" to statutory caps on interest.

"Maximum Legal Rate" refers to the statutory cap on interest that applies to loans or credit, as established by jurisdictional law, preventing excessive rates.

This definition links "Maximum Legal Rate" to the prevention of usurious rates.

"Maximum Legal Rate" means the interest rate that is the maximum permitted under applicable usury laws, beyond which the rate would be considered usurious.

This definition applies "Maximum Legal Rate" in a jurisdiction-specific context.

"Maximum Legal Rate" refers to the maximum interest rate that may be charged under the laws of the jurisdiction governing the contract.

This definition ties "Maximum Legal Rate" to the lawful interest rate.

"Maximum Legal Rate" means the highest interest rate that is considered lawful for use in loan and credit agreements under local or national law.

This definition connects "Maximum Legal Rate" to the highest allowable interest rate.

"Maximum Legal Rate" refers to the highest interest rate that may be legally imposed in a financial transaction, as specified by the governing legal authorities.

This definition links "Maximum Legal Rate" to an interest rate ceiling within contracts.

"Maximum Legal Rate" means the highest allowable rate of interest that may be imposed on a loan, as determined by the relevant regulatory body or statute.

This definition applies "Maximum Legal Rate" to the concept of a legal interest rate.

"Maximum Legal Rate" refers to the legally prescribed rate of interest that can be charged, which varies by jurisdiction but cannot exceed the statutory limit.

This definition ties "Maximum Legal Rate" to ensuring compliance with interest regulations.

"Maximum Legal Rate" means the maximum rate of interest allowable under applicable regulations, ensuring that contracts do not violate legal limits.

This definition connects "Maximum Legal Rate" to the rate set by government authorities.

"Maximum Legal Rate" refers to the maximum rate of interest set by government authorities or regulators, beyond which no lending can occur legally.

This definition links "Maximum Legal Rate" to an interest rate limit.

"Maximum Legal Rate" means the rate beyond which interest charged on a loan would be deemed excessive or illegal according to governing laws.

This definition connects "Maximum Legal Rate" to a cap on borrowing rates.

"Maximum Legal Rate" refers to the cap on borrowing rates, which cannot exceed a specified rate determined by law, to ensure fair lending practices.

This definition ties "Maximum Legal Rate" to local law provisions.

"Maximum Legal Rate" means the highest allowable interest rate under local law that governs the financial agreement or contract in question.

This definition connects "Maximum Legal Rate" to the restriction on excessive interest.

"Maximum Legal Rate" refers to the restriction on interest rates that ensures that the rate charged on loans does not exceed the legal limits established to prevent exploitation.

This definition applies "Maximum Legal Rate" to a government-set interest rate.

"Maximum Legal Rate" means the interest rate that is established by government regulations and is the maximum rate that can legally be charged on a loan or credit agreement.

This definition links "Maximum Legal Rate" to statutory limits on interest.

"Maximum Legal Rate" refers to the statutory interest limit established by law, beyond which the interest charged would be considered unlawful or usurious.

This definition applies "Maximum Legal Rate" to the usury threshold.

"Maximum Legal Rate" means the threshold set by law beyond which interest charges would constitute usury and be legally unenforceable.

This definition ties "Maximum Legal Rate" to an enforceable rate of interest.

"Maximum Legal Rate" refers to the highest rate of interest that can be legally enforced under contract terms, ensuring compliance with applicable laws.

This definition connects "Maximum Legal Rate" to ensuring compliance with usury laws.

"Maximum Legal Rate" means the maximum interest rate that can be charged under usury laws, ensuring that any transaction is in full compliance with the law.

This definition links "Maximum Legal Rate" to a cap on interest payments.

"Maximum Legal Rate" refers to the cap on the amount of interest that can be charged, ensuring the interest payments do not exceed the legally permissible limit.

This definition applies "Maximum Legal Rate" to usury compliance.

"Maximum Legal Rate" means the rate that complies with usury laws, ensuring that the interest rate does not exceed the legally established limits for lending.

This definition ties "Maximum Legal Rate" to the statutory interest rate ceiling.

"Maximum Legal Rate" refers to the ceiling on the interest rate, set by statute, which must be adhered to in order to avoid legal violations related to usury.

This definition connects "Maximum Legal Rate" to a limit on loan interest.

"Maximum Legal Rate" means the maximum permissible interest rate that may be applied to a loan, as defined by jurisdictional law.

This definition applies "Maximum Legal Rate" as a preemptive interest rate limit.

"Maximum Legal Rate" refers to the preemptive limit on the interest rate that a lender can charge, ensuring that any rate above this threshold is considered illegal.

This definition ties "Maximum Legal Rate" to a regulatory ceiling on interest.

"Maximum Legal Rate" refers to the interest rate ceiling enforced by regulators, which cannot be exceeded by any lending or credit arrangement.

This definition connects "Maximum Legal Rate" to jurisdiction-specific interest limits.

"Maximum Legal Rate" means the interest rate limit that applies to loans or credit agreements under the laws of a specific jurisdiction.

This definition applies "Maximum Legal Rate" to an interest rate set by law.

"Maximum Legal Rate" refers to the interest rate set by law, which is the highest rate that can be legally charged for loans and credit transactions.

This definition connects "Maximum Legal Rate" to the legal cap on lending rates.

"Maximum Legal Rate" means the legal cap on interest rates, designed to prevent lenders from charging excessively high rates on credit or loans.

This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.

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