Laws which establish legal ceilings on the interest rates charged for various types of loans.
Usury law put a ceiling on interest rate
Mark Ord has written: 'An essay on the law of usury' -- subject(s): Usury laws
Joseph Bridges Matthews has written: 'The law of money-lending, past and present' -- subject(s): Usury, Usury laws
Usury laws lead to capping the interest rates that are charged by financial institutions. These law are aimed at regulating the high interests charged on credit facilities.
Kevin W. Brown has written: 'Usury and consumer credit regulation' -- subject(s): Consumer credit, Law and legislation, States, Usury laws
Benjamin Johnson Darneille has written: 'Abstract of argument on the law of usury'
The Bible condems usury - the payment of interest on loans.
The current usury rate for the state of Louisiana is 12 percent, in September of 2014. The law in Louisiana states that the lending rate for personal loans cannot be more than 1 percentage point over the prime lending rate. It also states that the usury rate cannot fall below 7 percent.
Usury laws are laws that limit necssive on interest rates
John A. Bolles has written: '\\' -- subject(s): Accessible book, Dorr Rebellion, 1842, Politics and government 'A treatise on usury and usury laws' -- subject(s): Usury, Usury laws
Elia Poisek has written: 'Marbeh Torah' -- subject(s): Interest and usury (Jewish law)
Nevada has no usury limit (except with respect to pawn brokers)