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Chapter 24. Interest. Article 1. General Provisions. 241. Legal rate is eight percent. Except as otherwise provided in G.S. 136113, the legal rate of interest shall be eight percent (8%) per annum

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What is legal rate is eight?

The legal rate is eight refers to an interest rate set by the government at 8%. It is the maximum interest rate that can be charged on certain types of loans.

Who is required to file legal rate is eight?

There is no specific requirement for filing the legal rate is eight as it is a predetermined interest rate set by the government.

How to fill out legal rate is eight?

There is no need to fill out any specific form or document related to the legal rate is eight as it is a predetermined interest rate set by the government.

What is the purpose of legal rate is eight?

The purpose of setting the legal rate is eight is to provide a maximum limit on the interest rate that can be charged on certain types of loans, ensuring consumer protection and fair lending practices.

What information must be reported on legal rate is eight?

There is no specific information that needs to be reported regarding the legal rate is eight as it is a predetermined interest rate set by the government.

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