Letting the dust settle in Arizona

Arizona is sitting tight for the sunset clause, which will take into effect on July 1, 2010. Basically, if another law isn’t put into place the rates will cap at 36%.

I’ve always been against treating these fees as interst, but that’s how people want to see it. One thing that we can agree on is that the industry cannot survive at 36%. Some other type of fee has to be added to the loan.

I guess we’ll see what happens.

by admin

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