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

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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 166 - 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...
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.
Seite 155 - I serve as Chairman of the Government Relations Council of the American Bankers Association.

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