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Mortgage Lending: ARIZONA

Legal Interest Rate: Ariz. Rev. Stat. Ann. § 44-1201

Contract Interest Rate: Ariz. Rev. Stat. Ann. § 44-1201

Criminal Usury Cap: Ariz. Rev. Stat. Ann. §§ 13-2208, 13-2320

Mortgage Requirements: Ariz. Rev. Stat. Ann. §§ 33-701 to 33-715

Reverse Mortgage Loans: Ariz. Rev. Stat. Ann. §§ 6-1701 to 6-1708

Appraisers: Ariz. Rev. Stat. Ann. §§ 32-3601 to 32-3680

Mortgage Brokers and Loan Originators: Ariz. Rev. Stat. Ann. §§ 6-901 to 6-913, 6-941 to 6-949, 6-991 to 6-991.22

Mortgage Lending: ARKANSAS

Legal Interest Rate: Ark. Const. amend. 89, §§ 2 (for federally insured depository institutions), 3 (for all others)

Contract Interest Rate: Ark. Code Ann. §§ 4-57-101 to 4-57-105

Mortgage Requirements: Ark. Code Ann. §§ 18-40-101 to 18-40-110

Reverse Mortgage Loans: Ark. Code Ann. §§ 23-54-101 to 23-54-109

Appraisers: Ark. Code Ann. §§ 17-14-101 to 17-14-414

Mortgage Brokers and Loan Originators: Ark. Code Ann. §§ 23-39-501 to 23-39-518 (Fair Mortgage Lending Act)

Mortgage Lending: CONNECTICUT

Legal Interest Rate: Conn. Gen. Stat. § 37-1

Contract Interest Rate: Conn. Gen. Stat. § 37-4

Criminal Usury Cap: Conn. Gen. Stat. §§ 37-4, 37-7

Open-End Loans: Conn. Gen. Stat. §§ 36a-555, 36a-563, 36a-565 (small loans/licensing and restrictions)

Mortgage Requirements: Conn. Gen. Stat. §§ 36a-261, 36a-265, 36a-705 to 36a-708 (disclosures), 49-1 to 49-31v

Home Improvement Loans: Conn. Gen. Stat. § 36a-266

Mortgage Lending: DISTRICT OF COLUMBIA

Legal Interest Rate: D.C. Code § 28-3302(a)

Contract Interest Rate: D.C. Code § 28-3301

Appraisers: D.C. Code §§ 47-2853.151 to 47-2853.154

Mortgage Brokers and Loan Originators: D.C. Code §§ 26-1101 to 26-1121 (Mortgage Lender and Broker Act)

Mortgage Lending: FLORIDA

Legal Interest Rate: Fla. Stat. § 687.01

Contract Interest Rate: Fla. Stat. §§ 687.01, 687.02

Criminal Usury Cap: Fla. Stat. §§ 687.03, 687.031, 687.071, 687.146

Open-End Loans: Fla. Stat. § 516.02 (consumer finance chapter)

Mortgage Requirements: Fla. Stat. §§ 697.01 to 697.10

Home Improvement Loans: Fla. Stat. §§ 520.60 to 520.98 (§ 520.78) (Home Improvement Sales and Finance Act)

Appraisers: Fla. Stat. §§ 475.610 to 475.631

Mortgage Lending: GUAM

Open-End Loans: 14 Guam Code Ann. §§ 3501 to 3515 (regulated loans)

Appraisers: 22 Guam Code Ann. §§ 30101 to 30125

Mortgage Brokers and Loan Originators: 9 Guam Code Ann. §§ 46.100 to 46.104 (Mortgage Fraud Act); 18 Guam Code Ann. §§ 36301 to 36324 (Secure and Fair Enforcement for Mortgage Licensing Act)

Mortgage Lending: ILLINOIS

Legal Interest Rate: 815 Ill. Comp. Stat. § 205/1

Contract Interest Rate: 815 Ill. Comp. Stat. § 205/4

Criminal Usury Cap: 720 Ill. Comp. Stat. § 5/17-59

Open-End Loans: 205 Ill. Comp. Stat. § 5/5d

Mortgage Requirements: 765 Ill. Comp. Stat. §§ 5/11, 905/5 (mortgage requirements)

Reverse Mortgage Loans: 765 Ill. Comp. Stat. §§ 945/1 to 945/40 (Reverse Mortgage Act); 205 Ill. Comp. Stat. §§ 5/5a, 5/6.1, 5/6.2 (repealed eff. Jan. 1, 2016)

Mortgage Lending: IOWA

Legal Interest Rate: Iowa Code §§ 535.2, 535.4

Contract Interest Rate: Iowa Code § 535.2

Uniform Consumer Credit Code (UCCC): Iowa Code §§ 537.1101 to 537.8101

Residential Mortgage Loans: Iowa Code § 535.9 (prepayment penalties; includes agricultural loans)

Alternative Mortgage Loans: Iowa Code §§ 528.1 to 528.9 (§ 528.4—prepayment penalties)

Appraisers: Iowa Code § 543D; Iowa Admin. Code r. 193F-1.1 to 193F-17.2

Mortgage Lending: KANSAS

Legal Interest Rate: Kan. Stat. Ann. § 16-201

Contract Interest Rate: Kan. Stat. Ann. § 16-207

Uniform Consumer Credit Code (UCCC): Kan. Stat. Ann. §§ 16A-1-101 to 16A-9-102; Kan. Stat. Ann. §§ 50-623 to 50-643 (consumer protection)

Residential Mortgage Loans: Kan. Stat. Ann. § 16-207 (§ 16-207(b)—prepayment penalties; § 16-207(h)—balloon payments and negative amortization)

Appraisers: Kan. Stat. Ann. §§ 58-4101 to 58-4127, 58-4701 to 58-4725

Mortgage Lending: MASSACHUSETTS

Legal Interest Rate: Mass. Gen. Laws ch. 107, § 3

Contract Interest Rate: Mass. Gen. Laws ch. 107, § 3

Criminal Usury Cap: Mass. Gen. Laws ch. 271, § 49

Open-End Loans: Mass. Gen. Laws. ch. 140, § 114B

Second Mortgage Loans: Mass. Gen. Laws. ch. 140, §§ 90A, 114B

Appraisers: Mass. Gen. Laws ch. 112, §§ 173 to 195; 264 Mass. Code Regs. §§ 2.01 to 12.03

Mortgage Lending: MISSISSIPPI

Legal Interest Rate: Miss. Code Ann. § 75-17-1

Contract Interest Rate: Miss. Code Ann. § 75-17-1 (Miss. Code Ann. § 75-17-25—finance charge defined); Miss. Code Ann. §§ 75-17-21, 75-67-119 (interest rates for small loan licensees)

Residential Mortgage Loans: Miss. Code Ann. § 75-17-31 (prepayment penalties; includes agricultural loans)

Appraisers: Miss. Code Ann. §§ 73-34-1 to 73-34-131

Mortgage Lending: MISSOURI

Legal Interest Rate: Mo. Rev. Stat. § 408.020. See Mo. Const. art. III, § 44

Contract Interest Rate: Mo. Rev. Stat. §§ 408.030, 408.035, 408.080, 408.455

Criminal Usury Cap: Mo. Rev. Stat. § 408.095

Residential Mortgage Loans: Mo. Rev. Stat. §§ 408.036, 408.052 (§ 408.036—prepayment penalties; § 408.052—points and fees)

Second Mortgage Loans: Mo. Rev. Stat. § 408.232

Reverse Mortgage Loans: Mo. Rev. Stat. §§ 443.901 to 443.930

Mortgage Lending: NEBRASKA

Legal Interest Rate: Neb. Rev. Stat. § 45-102

Contract Interest Rate: Neb. Rev. Stat. §§ 45-101.03 to 45-101.05

Reverse Mortgage Loans: Neb. Rev. Stat. § 45-1068

Appraisers: Neb. Rev. Stat. §§ 76-2201 to 76-2250, 76-3201 to 76-3222; 298 Neb. Admin. Code §§ 1-001 to 8-003

Mortgage Brokers and Loan Originators: Neb. Rev. Stat. §§ 45-701 to 45-754 (Residential Mortgage Licensing Act); Neb. Rev. Stat. §§ 45-189 to 45-191.11 (loan brokers)

Mortgage Lending: NEW HAMPSHIRE

Legal Interest Rate: N.H. Rev. Stat. Ann. § 336:1

Contract Interest Rate: N.H. Rev. Stat. Ann. § 336:1

Second Mortgage Loans: N.H. Rev. Stat. Ann. § 397-A:16-a

Appraisers: N.H. Rev. Stat. Ann. §§ 310-B:1 to 310-B:25; N.H. Code Admin. R. Ann. RAB 101.01 to 501.03

Mortgage Brokers and Loan Originators: N.H. Rev. Stat. Ann. §§ 397-A:1 to 397-A:23 (licensing of mortgage bankers and brokers); N.H. Rev. Stat. Ann. § 384:16-f (mortgage loan application fees) (repealed eff. Oct. 1, 2015)

Mortgage Lending: NEW MEXICO

Legal Interest Rate: N.M. Stat. Ann. § 56-8-3

Contract Interest Rate: N.M. Stat. Ann. § 56-8-9

Criminal Usury Cap: N.M. Stat. Ann. §§ 56-8-9, 56-8-14

Mortgage Requirements: N.M. Stat. Ann. §§ 48-7-1 to 48-7-24

Appraisers: N.M. Admin. Code §§ 16.62.1 to 16.62.18, 16.65.1 to 16.65.5

Mortgage Brokers and Loan Originators: N.M. Stat. Ann. §§ 58-21-1 to 58-21-32 (Mortgage Loan Company Act); N.M. Stat. Ann. §§ 58-21B-1 to 58-21B-24 (Mortgage Loan Originator Licensing Act)

Mortgage Lending: NEW YORK

Legal Interest Rate: N.Y. Gen. Oblig. Law § 5-501 (McKinney); N.Y. Banking Law § 14-a (McKinney); N.Y. Comp. Codes R. & Regs. tit. 3, §§ 4.1 to 4.7 (Banking Board Regulations—interest rates)

Contract Interest Rate: N.Y. Gen. Oblig. Law § 5-501 (McKinney); N.Y. Banking Law § 108 (McKinney)

Criminal Usury Cap: N.Y. Penal Law § 190.40 (McKinney)

Reverse Mortgage Loans: N.Y. Banking Law § 6-h (McKinney)

Appraisers: N.Y. Exec. Law § 160 (McKinney)

Mortgage Lending: NORTH CAROLINA

Legal Interest Rate: N.C. Gen. Stat. § 24-1

Contract Interest Rate: N.C. Gen. Stat. § 24-1.1

Open-End Loans: N.C. Gen. Stat. § 24-11

Residential Mortgage Loans: N.C. Gen. Stat. § 24-1.1A

Second Mortgage Loans: N.C. Gen. Stat. §§ 24-12 to 24-17 (§ 24-14) (second mortgages); N.C. Gen. Stat. § 24-1.2A (home equity loans)

Reverse Mortgage Loans: N.C. Gen. Stat. §§ 53-255 to 53-272

Appraisers: N.C. Gen. Stat. §§ 93E-1-1 to 93E-2-11; 21 N.C. Admin. Code 57A.0101 to 57D.0403

Mortgage Lending: NORTH DAKOTA

Legal Interest Rate: N.D. Cent. Code § 47-14-05

Contract Interest Rate: N.D. Cent. Code § 47-14-09

Criminal Usury Cap: N.D. Cent. Code §§ 47-14-09, 47-14-11 (cf. N.D. Cent. Code § 12.1-31-02)

Appraisers: N.D. Cent. Code §§ 43-23.3-01 to 43-23.3-24, 43-23.5-01 to 43-23.5-24

Mortgage Brokers and Loan Originators: N.D. Cent. Code §§ 13-04.1-01 to 13-04.1-18, 13-10-01 to 13-10-21

Mortgage Lending: OKLAHOMA

Legal Interest Rate: Okla. Stat. tit. 15, § 266; Okla. Const. art. 14, § 2

Contract Interest Rate: Okla. Stat. tit. 15, § 266 (see rates specified in consumer sections of Oklahoma UCCC); Okla. Const. art. 14, § 2

Criminal Usury Cap: Okla. Stat. tit. 14A, §§ 5-107, 5-301

Uniform Consumer Credit Code (UCCC): Okla. Stat. tit. 14A, §§ 1-101 to 9-101

Mortgage Requirements: Okla. Stat. tit. 46, §§ 1 to 18

Appraisers: Okla. Stat. tit. 59, §§ 858-700 to 858-732

Mortgage Lending: PUERTO RICO

Legal Interest Rate: P.R. Laws Ann. tit. 31, § 4591

Contract Interest Rate: P.R. Laws Ann. tit. 10, §§ 998, 998n; P.R. Laws Ann. tit. 31, § 4591

Open-End Loans: P.R. Laws. Ann. tit. 10, §§ 998, 998n

Reverse Mortgage Loans: P.R. Laws Ann. tit. 7, §§ 3061 to 3071

Appraisers: P.R. Laws Ann. tit. 20, §§ 2301 to 2322

Mortgage Brokers and Loan Originators: P.R. Laws Ann. tit. 7, §§ 3054 to 3055l (Mortgage Institutions Act)

Mortgage Lending: SOUTH CAROLINA

Legal Interest Rate: S.C. Code Ann. § 37-10-106(1)

Contract Interest Rate: S.C. Code Ann. §§ 37-10-106(1), 34-31-20, 37-3-605

Uniform Consumer Credit Code (UCCC): S.C. Code Ann. §§ 37-1-101 to 37-10-107

Open-End Loans: S.C. Code Ann. § 37-3-201

Reverse Mortgage Loans: S.C. Code Ann. §§ 29-4-10 to 29-4-60

Appraisers: S.C. Code Ann. §§ 40-60-5 to 40-60-560

Mortgage Lending: TENNESSEE

Legal Interest Rate: Tenn. Const. art. XI, § 7; Tenn. Code Ann. § 47-14-103

Contract Interest Rate: Tenn. Code Ann. § 47-14-103 (formula rate defined in Tenn. Code Ann. §§ 47-14-102(7), 47-14-106)

Residential Mortgage Loans: Tenn. Code Ann. §§ 47-15-101 to 47-15-104 (§§ 47-15-102, 47-15-104) (interest on home loans)

Reverse Mortgage Loans: Tenn. Code Ann. §§ 47-30-101 to 47-30-118 (home equity conversion loans)

Open-End Mortgages and Future Advances: Tenn. Code Ann. §§ 47-28-101 to 47-28-110

Mortgage Lending: UTAH

Legal Interest Rate: Utah Code Ann. § 15-1-1 (West)

Contract Interest Rate: Utah Code Ann. §§ 15-1-1, 70C-2-101 (West)

Criminal Usury Cap: Utah Code Ann. § 76-6-520 (West) (usury); Utah Code Ann. § 76-6-1203 (West) (Utah Mortgage Fraud Act)

Uniform Consumer Credit Code (UCCC): Utah Code Ann. §§ 70C-1-101 to 70C-8-203 (West)

Appraisers: Utah Code Ann. §§ 61-2g-101 to 61-2g-505 (West)

Mortgage Lending: VERMONT

Legal Interest Rate: Vt. Stat. Ann. tit. 9, § 41a

Contract Interest Rate: Vt. Stat. Ann. tit. 9, § 41a

Criminal Usury Cap: Vt. Stat. Ann. tit. 9, § 50

Mortgage Requirements: Vt. Stat. Ann. tit. 8, §§ 10101, 10402 to 10506, 14101, 14302; Vt. Stat. Ann. tit. 9, § 45 (prepayment penalties)

Second Mortgage Loans: Vt. Stat. Ann. tit. 9, § 41a(b)(7)

Reverse Mortgage Loans: Vt. Stat. Ann. tit. 8, §§ 10701 to 10704

Appraisers: Vt. Stat. Ann. tit. 26, §§ 3311 to 3325

Mortgage Lending: VIRGIN ISLANDS

Legal Interest Rate: V.I. Code Ann. tit. 11, § 951

Contract Interest Rate: V.I. Code Ann. tit. 11, § 951 (see also V.I. Code Ann. tit. 11, §§ 952 to 958 (usury)); V.I. Code Ann. tit. 21, § 10 (homesteads and home loans)

Open-End Loans: V.I. Code Ann. tit. 9, §§ 141 to 144 (home equity loans); V.I. Code Ann. tit. 9, §§ 181 to 187 (small loans)

Appraisers: V.I. Code Ann. tit. 27, §§ 432 to 450