69I-3.002. Interest Rate Limitations on Master Equipment Financing Agreements

The maximum interest rate limitation specified in sections 287.063 and 287.064, F.S., does not apply when the payment obligation under a master equipment financing agreement is, or fractional interests in such payment obligations are, rated A or better, MIG3 or better and VMIG3 or better by either Moody’s Investors Services, Inc., or Standard and Poor’s Corporation.

Rulemaking Authority 17.29, 287.063(2)(b), 287.064(1)(c) FS. Law Implemented 287.063, 287.064(1)(c) FS. History–New 9-10-86, Amended 12-20-94, Formerly 3A-3.002.