Problems Encountered Under State Usury Laws Usury Laws, Hearings Before the Subcommittee on Financial Institutions of ..., 93-2 on S. 3817 ..., July 31, 1974, Volumes 22-23 |
From inside the book
Results 1-5 of 47
Page 8
... limits in specific markets are limited to arti- ficially low levels , the continued availability of credit in these mar- kets is threatened . There is no question but that the potential for disruption of credit flows in States with ...
... limits in specific markets are limited to arti- ficially low levels , the continued availability of credit in these mar- kets is threatened . There is no question but that the potential for disruption of credit flows in States with ...
Page 9
... limit mortgage lending in a jurisdiction whose laws prevent the making of loans at the prevailing rate especially when it is costing them more than the usury limit to obtain funds from savers . The charging of points and other service ...
... limit mortgage lending in a jurisdiction whose laws prevent the making of loans at the prevailing rate especially when it is costing them more than the usury limit to obtain funds from savers . The charging of points and other service ...
Page 11
... limit rather ? Mr. PERRY . Well , Senator , I don't have any magic figure . I would suggest that as a reasonable compromise that this be permitted for all federally insured financial institutions . I think that you can make that ...
... limit rather ? Mr. PERRY . Well , Senator , I don't have any magic figure . I would suggest that as a reasonable compromise that this be permitted for all federally insured financial institutions . I think that you can make that ...
Page 16
... limit factor has been present in every case . The bank estimates that around 50 percent of these loan applications would have been approved if the bank had the ability to price the loan terms competitively . Examining the situation on a ...
... limit factor has been present in every case . The bank estimates that around 50 percent of these loan applications would have been approved if the bank had the ability to price the loan terms competitively . Examining the situation on a ...
Page 18
... limit is 10 % , corporations , large and small , find it difficult to borrow funds . Local banks are unwilling to borrow from out - of - state banks at 13 or 14 % to re - lend to their local custo- mers at 10 % . For individual ...
... limit is 10 % , corporations , large and small , find it difficult to borrow funds . Local banks are unwilling to borrow from out - of - state banks at 13 or 14 % to re - lend to their local custo- mers at 10 % . For individual ...
Common terms and phrases
amendment Arkansas banks Arkansas Constitution Bankers Association bill Board capital certificates of deposit Chairman charge interest commercial paper Committee competitive constitutional construction corporate borrowers corporate loans cost Court credit markets customers dealers discount rate economic Federal Deposit Insurance Federal funds Federal Reserve Bank Federal Reserve discount finance companies financial institutions Governor growth higher interest rates higher rates housing inflation interest ceiling interest rate ceiling investment June legislation legislature lenders lending institutions Little Rock loan associations loans to corporations market rates maximum rate Memphis million MITCHELL money market Montana Nashville National Bank Act needs paper in effect PENICK period permitted President prime rate problem proposed provision rate of interest relief Reserve discount rate savings and loan Senator BROCK SINCLAIR state's statement Tenn Tennessee banks Tennessee's tion U.S. Senate usury ceilings usury laws usury limit WICKARD Winfield Dunn Worthen Bank
Popular passages
Page 36 - Although activities may be intrastate in character when separately considered, if they have such a close and substantial relation to interstate commerce that their control is essential or appropriate to protect that commerce from burdens and obstructions, Congress cannot be denied the power to exercise that control.
Page 101 - That every association may take, receive, reserve, and charge on any loan or discount made, or upon any note, bill of exchange, or other evidences of debt, interest at the rate allowed by the laws of the State or territory where the bank is located, and no more...
Page 36 - The fundamental principle is that the power to regulate commerce is the power to enact "all appropriate legislation...
Page 101 - District where the bank is located, and no more, except that where by the laws of any State a different rate is limited for banks of issue organized under State laws, the rate so limited shall be allowed for associations organized or existing in any such State under this Title.
Page 102 - The purchase, discount or sale of a bona fide bill of exchange, note or other evidence of debt payable at another place than the place of such purchase, discount or sale at not more than the current rate of exchange for sight...
Page 114 - Thou shalt not lend upon usury to thy brother; usury of money, usury of victuals, usury of any thing that is lent upon usury : unto a stranger thou mayest lend upon usury ; but unto thy brother thou shalt not lend upon usury...
Page 110 - District, the bank may take, receive, reserve, or charge a rate not exceeding 7 per centum, or 1 per centum in excess of the discount rate on ninety-day commercial paper in effect at the Federal reserve bank in the Federal reserve district where the bank is located, whichever may be the greater, and such interest may be taken in advance, reckoning the days for which the note, bill, or other evidence of debt has to run.
Page 103 - And the purchase, discount, or sale of a bona fide bill of exchange, payable at another place than the place of such purchase, discount, or sale, at not more than the current rate of exchange for sight drafts, in addition to the interest, shall not be considered as taking or receiving a greater rate of interest.
Page 102 - State or territory, the bank may take, receive, reserve or charge a rate not exceeding seven per centum, and such interest may be taken in advance, reckoning the days for which the note, bill, or other evidence of debt has to run.
Page 101 - Territory, or district where the bank is located, and no more, except that where by the laws of any State a different rate is limited for banks of...