Virginia Usury Laws

[Jonathan Chan]

Hi, I've been doing some research on the maximum interest rate allowable one can charge on a real estate loan. I've seen that 12% is the max, however, there are exceptions. If a loan is over 5K, is business to business and related to real estate, it can go above it. However, I don't see what I can actually charge. Are there any real estate attorneys in here that service VA that know what a lender can charge?

[Jonathan Chan]

Quote from @Bill B.:

I assume not an owner occupant loan where Dodd-Frank would kick in. 

Other than that it’s hard to see a limit lower than what credit cards charge. 

If you use an attorney to write up the contract I assume they would know?

 Yup, business to business, non owner occupied.