(a) Except as provided in Article III of this act, the maximum lawful rate of interest for the loan or use of money in an amount of fifty thousand dollars ($50,000) or less in all cases where no express contract shall have been made for a less rate shall be six per cent per annum.
(b) The maximum lawful rate of interest set forth in this section shall not apply to:
(1) an obligation to pay a sum of money in an original bona fide principal amount of more than fifty thousand dollars ($50,000);
(2) an unsecured, noncollateralized loan in excess of thirty-five thousand dollars ($35,000); or
(3) business loans of any principal amount.
41 P.S. § 201
1974, Jan. 30, P.L. 13, No. 6, § 201, imd. effective. Amended 2008, July 8, P.L. 824, No. 57, § 2, effective in 60 days [9/8/2008].