The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1875-12-08
THE M0NEY MARKET.


and Of Upper and Lower Canada;
Alabama--s per cent. OH tisurious con-
tracts the principal only can be recovered:
Arkansas-6 per cent, but parties may con-
tract for any rate not exceeding 10. Usury
forfeits both principal and interest.
California--10 per cent after a debt be-
comes due, but parties niay agree upon any
rate of interest whatever, simple or COM
potnd.
Colorado Territory-10 per cent on money
loaned.
Connecticut per cent. Usury forfeits
interest taken in excess Of legal rate.
Dakotah-7 per cent. Parties may contact
for rate not exceeding 10. Usury forfeits
all the interest taken.
Delaware-6 per cent. Penalty for usury
forfeits sum equal to the money lent.
District of Columbia-6 per cent. Parties
may stipulate in writing for 10. Usury for
feits all the interest.
Florida-8 per cent. Usury laws repealed
Money may be loaned at any rate.
Georgia. per cent. Parties may contract
for IL. A higher rate than 10 forfeits inter.
est and excess.
Idaho Territory--10 per cent Parties may
agree i'll writing for any rate not exceeding Q
per cent per month. Penalty for greater rate
is three times the amount paid, fine of $500
or SIX months imprisonment, or both.
Illinois2-6 per cent, but parties may agree
in writing for 10. Penalty for usury forfeits
the entire interest.
Indiana-6 per cent. Parties may agree In
writing for any rate not exceeding 10. Be-
yond that rate is Illegal as to excess only.
Iowa. per cent. Parties may agree in
writing for 10. Ahigher rate works for
fixture of 10 per cent.
Kafisas--7 per cent. Parties may agree for
IL. Usury forfeits the excess.
Kentucky--6 per cent, but 6ofittacts may
be made in writing for 10. Usury forfeits the
whole interest charged.
Louisiana-5 per cent 8 pei cent may be
stipulated for, if embodied In the face of the
obligation, but no higher than per cent.
Maine--G per cent. Parties may agree in
writing to any rate.
Maryland-6 per cent. luxurious contracts
cannot be enforced for the excess above the
legal rate.
Michigan--7 per cent. Parties may Gen.
tract for any rate not exceeding 10.
Minnesota per cent Parties may con
tract to pay as high as 10, in writing, but con-
tract for higher rate is void TO the excess.
Mississippi-G per cent. Parties may con-
tract in writing for 10. Where more than 10
is taken the excess cannot be recovered.
Missouri per cent Contract in writing
may be made for TO- The penalty for usury
is forfeiture Of the interest at 10 per cent.
Montana--Parties may stipulate for any
rate of interest.
Nebraska-10 per cent, or any rate on ex-
press contract not greatsr than 10. Usury
prohibits the recovery Of any interest on the
principal.
Nevada 10 per cent. Contract in Writ
ing may be made for the payment of any
other rate.
New Hampshire-6 per cent. A higher
rate forfeit three times the excess to the per,
son aggrieved suing therefor
New Jersey per cent. Usury forfeits all
interest and costs.
New Mexico Territory-6 per cent; but par
ties may agree Upon any rate.
New York; per cent Usury is misde-
meanor, punishable by a fine of $1,000, or six
mouths imprisonment, or both, and forfeits
the principal, even in the hands of third par
ties
North Carolina-6 per cent Smay be stipu-
lated for when money is borrowed. Penalty
for usury is double the amount lent and in
dictment for misdemesnor.
Ohio---6 per cent. Contract in writing may
be made for s. No penalty attached for vio-
lation Of law. If contract is for higher rate
than s it is void as to interest, and recovery is
limited to principal and per cent.
Oregon--10 per cent. Parties may agree
on 10.
Pennsylvania-6 per cent. Usurious inter
est cannot be collected. If paid it may be
recovered by suit therefore within six months.
Rhode Island @6 per cent Any rate may
be agreed upon.
South Carolina-7 per cent Usnry laws are
abolished, and parties may contract without
limit. Contracts must be in writing:
Tennessee-6 per cert Parties may Con-
tract In writing for any rate not exceeding 10
per cent.
Texas-S per cent. All usufy laws aboii.
shed by the Constitution.
Utah Territory-10 per cent. No usury
laws. Any rate may be agreed on.
vermont-6 per cent. Usury forfeits only
the excess.
virginia--8 per cent! Lenders forfeit all
interest in case Of usury.
Washington Territory-10 per Cent. Any
rate agreed upon in writing is valid!
West vrginia--6 per cent. Excess Of in
terest cannot be recovered if usury is plead.
Wisconsin, per cent. Parties may con-
tract IN writing for 10. No interest can be
computed on interest. Usury forfeits all the
interest paid.
Wyoming Terri1ory-12 per cent, but any
rate may be agreed ON I'M writing.
Upper Canada--6 per cent, but parties may
agree upon any rate
Lower Canada--6 per cent, but any rate
may be stipulated for.