In the state of MI, what is the highest interest rate a financing company can charge for an auto loan?

Is there a law on how high they can go? Like 20% or something?

In the state of MI, what is the highest interest rate a financing company can charge for an auto loan?
Generally every state has an usury law. According to a quick search Michigan has a strange set.





Check it out:





http://www.michiganbusinesslawyerblog.co...

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