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nydus/The History of UsuryPublic
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Page 12 of 151
Table of Contents

Legal

Alabama, . . 8 per Arkansas,' . . 6 California,^ - . , 10 Connecticut, 6 Delaware, . . 6 Florida,' . . . 8 Georgia, . . 7 Illinois,* . . . 6 Indiana,' . . 6 Iowa,' . . . 6 Kentucky, . . 6 Louisiana,' . . 5 Maine, . . . . 6 Maryland,' . . 6 Massachusetts, 6

RATE. PENALTT FOB VSURT.

• cent. Forfeit interest and usury only. Forfeit usury only.

Usurious contracts utterly void.

  • Forfeit whole debt.

Forfeit interest and usury. Forfeit interest and usury only. Forfeit interest and usury only. Forfeit double the usury.

r Forfeit ten per cent, on amount of I contract.

Forfeit usury only.

Forfeit interest and usury.

  • Excess deducted from amount due.
  • Usurious contracts void, f
  • Forfeit three times the usury, and 1 costs.

, * By special contract, as bigh as ten per cent, * By specijil contract, any rate whatever, ' Six per cent., when no other rate is expressed by tbe parties. * By agreement, as bigh as ten per cent. • By agreement, as high as ten per cent. • By agreement, as bigh as ten per cent. ' Banks allowed the rates expressed in their charters; hut conventional interest cannot exceed ten per cent.

' On tobacco contracts, eiglit per cent. (ix)

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