Article
Interest Rates on Installment Sales
Agricultural Law Digest
Disciplines
Abstract
Since 1964, a minimum interest rate has been imposed on installment sales. More precisely, a part of each principal payment under an installment sale is treated as interest rather than sales price (and the total sales price is correspondingly reduced) if interest of less than the prescribed rate is specified.
Publication Date
8-16-1991
Citation Information
Neil E. Harl. "Interest Rates on Installment Sales" (1991) Available at: http://works.bepress.com/neil-harl/125/