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Code · BILL · 116th Congress · S. 2114 (Introduced in Senate) — To provide the legal framework and income tax treatment necessary for the growth of innovative private financing opti... · Sec. 202

Sec. 202. Preemption of State law with respect to usury

36 words·~1 min read·/bill/116/s/2114/is/section-202·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A Qualified ISA shall not be subject to State law with respect to usury, credit, loans, or credit or installment sales, unless such State law expressly states that it is intended to apply to Qualified ISAs.
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