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.
