§ 141.49. Usury prohibited.
56 words·~1 min read·
/us/cfr/t25/s§ 141.49·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No reservation business may take or receive money, goods, or other things of value for a loan or forbearance on a debt that exceeds in value the principal plus twenty-four percent (24 percent) per annum finance charge. Any reservation business contracting for, reserving, or receiving directly or indirectly, any greater amount shall forfeit the finance charge.