Kara R. asked

⚖️  Law

Is there such a thing as an illegal loan? I have a loan from my business that was originally for $17,000, with monthly payments of $1,400 for nearly 3 years, but I was recently informed that the loan term is 30 years. Where is this occurring, and what steps have you taken so far?

August 7th, 2023

Bradley T. answered

In Idaho, there is no legal limit to the interest rate that can be charged, so a loan with an extrem...

August 7th, 2023

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