[Calipari Guy]

Thank you Jack.

Here’s the big question:

On a risk-weighted basis, should I press this issue and insist that we give rescission based on the law (which every “BOL guru” and even Alan Dombrow will say I’m wrong – as he did when I asked him about it at Compliance School in 2002)?

OR is it small enough of a risk to acknowledge that I’m technically wrong, but give in and fight about more important issues?

[Calipari Guy]

Thank you.

So, I haven’t lost my mind? The highest usury limit on a non-LOC is 24% using the credit union statute? Jack trained me on that 10 years or so ago and I’ve gone on about my business. Something happened the other day and I had to challenge what I knew. As always, reading KRS and trying to make sense of it is “fun”.

[Author]

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