Usury Lending Limits: Hearing Before the Committee on Banking, Housing, and Urban Affairs, United States Senate, Ninety-sixth Congress, First Session, on S. 1988 ... December 17, 1979
U.S. Government Printing Office, 1980 - 270 Seiten
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12 percent able accounts addition allowed amendment amount apply Arkansas assets Association average bill Board borrowers certificates CHAIRMAN charge committee competitive concerns consumer continue cost deposits discount rate dividend rates earnings economic effect fact federal credit unions Federal Reserve financial institutions forced funds further greater growth higher housing impact income increase inflation insured interest interest rates investment issue League legislation lenders lending less liquidity loan rate ceiling lower manager market rates maximum million money market months mortgage national banks noted offer operate paid period permitted present president problem raise ratios reason recent regulation relief represent require response restrictions result savers savings secured Senator share situation sources statement statute TABLE tend Texas tion transfers types usury ceilings usury laws usury limits
Seite 148 - 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...
Seite 20 - ... carries with it, or which has been agreed to be paid thereon. If such greater rate of interest has been paid, the person who paid it may recover, in a civil action commenced in a court of appropriate jurisdiction not later than two years after the date of such payment, an amount equal to twice the amount of the interest paid from the institution taking or receiving such interest.".
Seite 62 - A national bank may charge interest at the maximum rate permitted by State law to any competing Statechartered or licensed lending institution. If State law permits a higher interest rate on a specified class of loans, a national bank making such loans at such higher rate is subject only to the provisions of State law relating to such class of loans that are material tc the determination of the interest rate.
Seite 25 - Interest (Sec. 5197). —Any 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, territory, or district where the bank is located...
Seite 26 - I am pleased to appear before you today to testify on behalf of the...
Seite 261 - Report of the Commission on Mortgage Interest Rates to the President of the United States (Washington: US Government Printing Office, August 1969) and Reed 0.
Seite 7 - ... or other evidence of debt carries with it, or which has been agreed to be paid thereon. If such greater rate of interest has been paid, the person who paid it may recover, in...
Seite 155 - ON BEHALF OF THE AMERICAN BANKERS ASSOCIATION Mr. Chairman and members of the Committee, my name is George A.