Connecticut Entire Interest Assigned

State:
Multi-State
Control #:
US-OG-494
Format:
Word; 
Rich Text
Instant download

Description

This form expresses the intent of the assignor in this assignment to assign and convey to assignee, subject to all the stated reservations and conditions in this assignment, all of assignor's rights, title, and interests on the Effective Date, in and to the oil and gas leases and lands that are the subject of this assignment, regardless, as to the descriptions, of the omission of any lease or leases, errors in description, any incorrect or misspelled names or any transcribed or incorrect recording references.

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FAQ

Connecticut's usury statute sets a 12% interest rate maximum on any loans that are not exempted from the limit by law.

Today's 30-year fixed mortgage rates Conventional fixed-rate loans. Term. 7.375% 6.875% ... Conforming adjustable-rate mortgage (ARM) loans. Term. 6.750% ... Jumbo adjustable-rate mortgage (ARM) loans. Term. 7.125% ... Federal Housing Administration (FHA) loans. Term. 7.250% ... Veterans Affairs (VA) loans. Term. 7.125% ... Jumbo loans. Term. 7.500%

Common Interest Ownership Act is a Connecticut General Statute that governs all Condominiums and Cooperative Associations. Otherwise known as CIOA, this statute protects the unit owners and guides the board of directors on how the associations must be governed.

The California Constitution prohibits loans that are made primarily for personal, family or household purposes from having interest rates above 10% per year. This is California's general usury law.

Whenever the maker of any contract is a resident of another state or the mortgage security is located in another state, any obligee or holder of such contract, residing in this state, may lawfully recover any agreed rate of interest or damages on such contract until it is fully performed, not exceeding the legal rate ...

Connecticut's usury statute sets a 12% interest rate maximum on any loans that are not exempted from the limit by law. Major exemptions include any loans made by state or federal banks or credit unions, any mortgages over $5,000, and any business loans over $10,000.

In California, absent an exception which we discuss in depth below, the maximum allowable interest rate for consumer loans is 10% per year. For non-consumer loans, the interest rate can bear the maximum of whichever is greater between either: i) 10% per annum; or ii) the ?federal discount rate? plus 5%.

Adoption of CIOA PA 83-474 provides, with certain exceptions, that the declaration of a residential common interest community can be amended only by vote of unit owners to which at least 67% of the association votes are allocated.

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Connecticut Entire Interest Assigned