25 C.F.R. · Indians
25 C.F.R. § 141.49

Usury prohibited.

Title 25 C.F.R. ● ACTIVE Primary Source
Regulatory Text

25 C.F.R. § 141.49 — Usury prohibited.

§ 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.

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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Federation ID
BS-CFR25-SEC-E94EB3
Entity Class
REGULATION / FEDERAL-CFR-SECTION
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boisestandard.org
Citation
25 C.F.R. § 141.49
Corpus
CFR — Code of Federal Regulations
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✓ ACTIVE
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PRIMARY-SOURCE
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✓ TRUE
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ec3133ded2dbbf1b...
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The regulatory text of 25 C.F.R. § 141.49 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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boisestandard.org United States Law CFR Title 25 25 C.F.R. § 141.49