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Code of Federal Regulations Title 25. Indians § 25.141.49 Usury prohibited

Current as of January 02, 2025 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 25. Indians § 25.141.49 Usury prohibited - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-25-indians/cfr-sect-25-141-49/

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