What is the highest annual rate of interest allowable under law before it is considered usury in NY?

Answer 1

I work for Bank of America as Credit Card rep, and APR rates depend on the customer's credit history, score, and income. Typically most banks will use the "Prime + *amount given by bank* = APR " The highest, would be a penalty pricing due to past dues...which would be a 32%. There is no LAW as to a CAP on APR rates. But who would get business if they charged 50% APR right? So typically it's going to be somewhere around the 30%'s.

Answer 2

Two broken legs, and a poked out eye. Playing with Mob, hugh?