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#893651 - 01/25/08 03:15 PM higher loan interest rate after default
Judy G Offline
Junior Member
Joined: Sep 2005
Posts: 40
Somewhere out there
What, if any, are the State Laws regarding charging a higher interest rate on a loan after default? I searched the State Banking Laws on line but found nothing. I'd appreciate any help at all.

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#895520 - 01/29/08 05:22 PM Re: higher loan interest rate after default Judy G
Judy G Offline
Junior Member
Joined: Sep 2005
Posts: 40
Somewhere out there
I've determined that Connecticut law allows a higher Default Interest Rate on Non-HOEPA loans. However, Freddie Mac and Fannie Mae do not (that's where my confusion started!)

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