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Kansas firms partly charge maximum 21 percent interest
Kansas law allows 21 percent on balances up to 300 dollars for revolving charge accounts under the Uniform Commercial Credit Code, but a spot survey found few firms charging that rate. Most banks and big retailers in Kansas continue to charge 18 percent annually on the first 300 dollars, with higher rates for larger balances, and observers note market caution alongside regulatory limits.
MENTIONED IN THIS ARTICLE
Topeka
Kan
Kansas
UCCC
Indiana
Utah
Wyoming
Oklahoma
William G. Wolff
Legislative Research Department
Oklahoma Oil Company
BankAmerica
Master Charge
Wolff
House Commercial and Financial Institutions Committee
Purdue Univer
Sity
Robert W. Johnson
Kansas Association of Finance Companies
Legislative Committee
Johnson
Newton
Midland