Skip to content

Usury laws question

Are laws regulating interest rates on all types of loans federal or state, and where can I find these laws?

Answer by Dan Persfull: Usury laws are state specific. You would need to review each state's UCCC. I'm not aware of an all inclusive source.


Answer by Andy Zavoina: While usury is restricted at the state level, there always seem to be exceptions. National banks in particular look for preemptions in many areas. 12 CFR 34.4(a)(12) applies to real estate loans and also affects what is considered "interest". Additionally, some lenders import rates from their home state, so it may not be enough to know just the usury rates of the borrower's state.

First published on 12/6/04

First published on 12/06/2004

Filed under: 
Filed under compliance as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics