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Daniel Solutions, Lawyer (JD)
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Is there a maximum APR allowed by law for a collection agency

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Is there a maximum APR allowed by law for a collection agency to charge? If so, how close does 31.474% come to it?
In South Dakota the legal rate of interest is 15%, judgments bear
interest at the rate of 12%. There is no other usury limit. Since you issue involves a collection agency it does not fall within either of those statutory limits under state law and the FDCPA is silent on this area for you. Sorry.
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