Minnesota § 52.14 INTEREST ON LOANS

Minnesota Statutes

§ 52.14 — INTEREST ON LOANS

Minnesota § 52.14

PartBANKING

Ch. 52CREDIT UNIONS

This text of Minnesota § 52.14 (INTEREST ON LOANS) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 52.14 (2026).

Text

Subdivision 1.
[Repealed,1982 c 494 s 5]

Subd. 2.Maximum allowable rate.
Interest rates on unpaid balances of loans made by a credit union shall not exceed one percent a month or the rate of interest authorized by section48.195, whichever is greater at the time the loan is made. If the rate of interest charged is permitted by section48.195at the time the loan is made, the rate does not later become usurious because of a fluctuation in the federal discount rate.

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Subdivision 1.
[Repealed,1982 c 494 s 5]

Subd. 2.Maximum allowable rate.
Interest rates on unpaid balances of loans made by a credit union shall not exceed one percent a month or the rate of interest authorized by section48.195, whichever is greater at the time the loan is made. If the rate of interest charged is permitted by section48.195at the time the loan is made, the rate does not later become usurious because of a fluctuation in the federal discount rate.