Is the interest rate on overdue amounts owed to Bumble Roofing capped by law?

Based on the 2025 Franchise Disclosure Document, the excerpts provided do not specify whether the interest rate on overdue amounts owed to Bumble Roofing is capped by law. While the document mentions interest in the context of attorney's fees and costs incurred to enforce the terms of the agreement, it does not explicitly state if there is a legal limit on interest rates for overdue payments.

However, the Bumble Roofing franchise agreement does state in section 17.20 that if any terms in the agreement regarding termination or expiration are inconsistent with applicable state or federal law, then that law will govern the franchisee's rights. This suggests that any legally mandated interest rate caps would supersede the franchise agreement terms if a conflict arose.

Prospective franchisees should directly ask Bumble Roofing about the specific interest rates applied to overdue amounts and whether these rates are subject to any legal limitations in their state. It would also be prudent to consult with a legal professional to understand the relevant state and federal laws regarding interest rate caps and how they might apply to the franchise agreement.