WebSection one of Act Numbered Two thousand six hundred fifty-five is hereby amended to read as follows: "Sec. 1. The rate of interest for the loan or forbearance of any money, goods, or credits and the rate allowed in judgments, in the absence of express contract as to such rate of interest, shall be fix per centum per annum or such rate as may ... Web1 Jul 2024 · 10 In situations similar to Example 2, an outside loan is always more favorable than a plan loan regardless of the interest rates for the plan loan and the outside loan provided the plan growth rate is greater than the interest rate on the outside loan. 11 Sec. 163(h)(1); Temp. Regs. Sec. 1. 163-8T (a)(4)(i)(D). 12 Secs. 163(a), (d), and (h)(3 ...
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