69I-3.002, F.A.C.
69I-3.002. Interest Rate Limitations on Master Equipment Financing Agreements
Cite as Fla. Admin. Code r. 69I-3.002
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.