Place

Penalty of Usury

Legal rate per cent.

Rate per contract per cent.

* Alabama

Forfeiture entire interst

8

8

* Arizona Ter

No penalty

10

any rate

* Arkansas

No penalty

6

10

+ California

No penalty

7

any rate

+ Colorado.....

No penalty

10

any rate

+ Connecticut

Forfeiture entire interest

6

6

*Dakota

Forfeiture entire interest

7

18

+ Delaware

Forfeiture of principal

6

6

+ Dist. of Columbia

Forfeiture entire interest

6

10

+ Florida.........

No Penalty

8

any rate

+ Georgia

Forfeiture interest and excess...

7

8

+ IdahoTer.......

. Forfeit 3 times the amount paid, fine $300 o 6 months' imprison ment or both

10

+ Illinois

Forfeiture excess interest

6

8

*Indiana

. Forfeiture excess interest and cost

6

8

Iowa

Forfeiture excess interest

6

10

+ Kansas

Forfeiture excess over 12 per cent

7

12

+ Kentucky

Forfeiture excess interest

6

10

+ Louisiana

Forfeiture entire interest

5

8

Maine

No penalty

6

any rate

+ Maryland

Foreiture excess interest

6

6

* Massachusetts...

No penalty

6

any rate

Michigan

Forfeiture excess interest

7

10

Minnesota

Forfeiture eentire interest

7

10

Mississippi

Forfeiture excess interest.......

6

10

+ Missouri

. Forfeiture entire interest.......

6

10

*Montana

No penalty

10

any rate

*Nebraska

Forfeiture entire interest

7

10

+ Nevada

Forfeiture all interest

10

any rate

*New Hampshire.

Forfeiture of 3 times the excess and cost

6

6

*New Jersey.....

forfeiture entire interest

6

6

New Mexico

No penalty

6

12

*New York

Forfeiture of contract

6

6

*North Carolina..

Forfeiture of interest

6

8

Place

Penalty of Usury

.Legal rate percent

Rate per contract per cent.

+ Ohio..........

Forfeiture of excess ..........................

6

8

* Oregon

.. Forfeiture of principal, interest and cost

10

12

+ Pennsylvania. ..

Frofeiture of excess

6

6

*Rhode Island...

. .Forfeiture, unless by contract...

6

any rate

*South Carolina..

.. Forfeiture entire interest........

7

any rate

* Tennessee

.Forfeit of over 6 per cent and $100 fine.....................

6

10

+ Texas

No penalty

8

12

*UtahTer......

No penalty

10

any rate

+ Vermont

Forfeiture of excess

6

6

+ Virginia

Forfeiture of all interest

6

8

*Washington ...

No penalty

10

any rate

+West Virginia..

Forfeiture of excess

6

0

* Wisconsin......

Forfeiture of all interest

7

10

*Wyoming Ter..

No penalty

12

any rate

* Canada

0

any rate

England

5

France

5

Ireland

6

*Three days' grace is allowed on Sight Drafts. + Grace not allowed on Sight Drafts.