§ 141.49 - Usury prohibited.

Latest Version
Updated Version
Related Notices
- 94-26836. Final rule. 94-26836. Business Practices on the Navajo, Hopi, and Zuni Reservations; Final Rule DEPARTMENT OF THE INTERIOR
- 94-3935. Proposed rule. 94-3935. Business Practices on the Navajo, Hopi and Zuni Reservations; Proposed Rule DEPARTMENT OF THE INTERIOR

Latest version.

§ 141.49 Usury prohibited.

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.

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');

§ 141.49 - Usury prohibited.

§ 141.49 Usury prohibited.