“Usury law” can refer to the first interest rate laws made in the 18th century, when young states set rate limits around 6% [0] National Bureau of Economic Research. Prodigals and Projecture: An Economic History of Usury Laws in the United States from Colonial Times to 1900. View all ...
In the past, the United States commitment to usury law has been deep and consistent. However, the recent rapid growth of the "payday" loan industry belies this longstanding American tradition. In order to understand the evolution of American usury law, this paper presents a systemic empirical ...
Usury laws – USA, Canada & UK The United States:limits on terms and conditions regarding loans are imposed by individual states. Usury laws are state laws that stipulate the maximum legal interest rate for loans. Each individual state has its own statute. If a lender is charging more than ...
In order to understand the evolution of American usury law, this paper presents a systemic empirical analysis of all fifty state usury laws in two time periods: 1965 and the present. The highest permissible price of a typical payday loan authorized under each state's usury law was calculated....
During the Colonial era usury laws in the United States were strict both in terms of the maximum rate that could be charged and the penalties that would be imposed. In Massachusetts in eighteenth century, for example, the maximum rate wa... H Rockoff - 《Nber Working Papers》 被引量: 59...
Over the past few decades, a good number of states have gotten rid of usury laws in response to claims of in-state creditors that they couldn't compete with national financial institutions. There is some merit to that claim -- a bank that can't charge more than, say, 12 percent interes...
Over the past few decades, a good number of states have gotten rid of usury laws in response to claims of in-state creditors that they couldn't compete with national financial institutions. There is some merit to that claim -- a bank that can't charge more than, say, 12 percent interes...
California Usury Laws: What They Don't Cover The California Constitutional provision provides that loans used to buy, build or improve a home are not made for "family or household purposes." That means that they are not subject to the 10 percent interest cap. None of the big lenders are ...
In Part III-B of the United States Supreme Court's opinion in Department of Revenue of Kentucky... LM Slepnikoff - 《South Dakota Law Review》 被引量: 0发表: 2010年 The Horseman's Manual: Being a Treatise on Soundness, the Law of Warranty, and Generally on the Laws Relating to Horses...
agrarian usury, not commercial lending. Such debts stemmed mainly from taxes and other fees owed to public collectors, and thus did not reflectproductive loans. Since the Middle Ages the term has been limited to interest charges in excess of the legal maximum as set by national usury laws. ...