Under a Mississippi amendment (2024 Miss. Laws S.B. 2543), the 59% APR allowed by the Consumer Alternative Installment Loan Act can now be charged on loans up to $5,100, an increase from the previous $4,000 limit, with the limit to be increased annually for inflation.

Authors

• Person: Not available Organization: National Consumer Law Center
  Predatory Installment Lending in the States: How Well Do ... - NCLC

Sources

• Predatory Installment Lending in the States: How Well Do ... - NCLC www.nclc.org National Consumer Law Center via serper

Referenced by nodes (1)

• annual percentage rate concept