Usury - LegalOwl
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Topic: Usury



  
 Usury - Wikipedia, the free encyclopedia
In the United States, usury laws are state laws that specify the maximum legal interest rate at which loans can be made.
Usury rates in the US States have statutes which set out how much interest can be charged before it becomes unlawful (Usuary).
Reference: Interest rate usury limits for US states: Usury rate limits.
http://en.wikipedia.org/wiki/Usury   (2482 words)

  
 USURY - LoveToKnow Article on USURY
Unfortunately, however, the modifications which were really admitted were not openly and avowedly made by a direct change in the statutes, but for the most part they were effected (as so many early reforms) under the cover of ingenious legal fictions.
Even when it came to be authoxized by Roman law under certain restrictions, it was still looked upon as a pernicious crime.
http://86.1911encyclopedia.org/U/US/USURY.htm   (3336 words)

  
 EH.Net Encyclopedia: Usury
As the Act against Usury passed by the English Parliament in 1624 demonstrates, the rate of interest was important to the national economic well-being, lowering the maximum rate of 10%, established in 1571, to 8%.
In the United State usury was regulated by each state as it saw fit.
The state ceased to meddle in usury unless it was antisocial, leaving individuals to decide for themselves whether their actions were sinful.
http://eh.net/encyclopedia/article/jones.usury   (2871 words)

  
 Legal Definition of Usury
USURY - The civil or criminal wrong of charging interest that is beyond the legal limit set by a State.
To constitute usury the borrower must not only be obliged to return the principal at all events, but more than lawful interest: this part of the agreement must be made with full consent and knowledge of the contracting parties.
On the contrary, when the contract was originally usurious, and there is a substitution by a new contract, the latter will generally be considered usurious.
http://www.lectlaw.com/def2/u015.htm   (475 words)

  
 State Interest Rates and Usury Limits
The usury limit which is stated as the general usury limit is the rate that can be charged by one person or corporation to another, in other words, if you lend your next door neighbor $ 100.00, the rate stated is the limit.
In states without a usury limit, there still may be a federally imposed limit because at certain astronomical rates of interest "loan sharking" will be inferred by the federal government.
NEW YORK, the legal rate of interest is 9%; the general usury limit is 16%.
http://www.lectlaw.com/files/ban02.htm   (2210 words)

  
 Usury
Usury is the act of collecting or contracting to collect interest at a rate over the legal limit.
The laws vary from state to state on whether credit extended in this fashion is subject to the usury laws.
Historically, usury limits were stated as a flat rate.
http://www.smartagreements.com/bltopics/Bltopi35.html   (318 words)

  
 Pharsea: Interesting, very interesting.
Furthermore, since money-lenders for the most part enter into usurious contracts so frequently with secrecy and guile that they can be convicted only with difficulty, we decree that they be compelled by ecclesiastical censure to open their account books, when there is question of usury.
By their statutes, sometimes confirmed by oath, they not only grant that usury may be demanded and paid, but deliberately compel debtors to pay it.
The law can remove many of the dangers of usury by fixing a legal rate, and the poor are now just the persons who would suffer most, were all interest prohibited.
http://www.geocities.com/pharsea/Interesting.html   (4034 words)

  
 History of Usury Prohibition
Jatakas, usury is referred to in a demeaning manner: “hypocritical ascetics are accused of practising it”.
Increasingly thereafter, and despite numerous subsequent prohibitions by Popes and civil legislators, loopholes in the law and contradictions in the Church's arguments were found and along with the growing tide of commercialisation, the pro-usury counter-movement began to grow.
The Church's simplest and perhaps earliest objection to usury was on the basis that it constituted unearned income, an idea which stemmed from its general doctrine of Just Price.
http://www.alastairmcintosh.com/articles/1998_usury.htm   (5551 words)

  
 Usury Law is the first consumer protection, and the foundation for all the rest: a comment by Consumers League
New Jersey's civil usury law, NJSA 31:1-1, was the state's first consumer protection law, and is just as necessary now, because the entire structure of regulating credit, and protecting consumers, depends on the civil usury law.
If there is no civil usury law, we suggest that lenders will no longer need to be licensed, and may stop complying with the consumer protections statutes in NJSA, Volume 17.
The Civil Usury Law is the Cornerstone of Consumer Protection
http://www.clnj.org/usury.htm   (469 words)

  
 EAWC Anthology: Summa Theologica II-II, Question 78
Wherefore human law has permitted usury, not that it looks upon usury as harmonizing with justice, but lest the advantage of many should be hindered.
I answer that, To take usury for money lent is unjust in itself, because this is to sell what does not exist, and this evidently leads to inequality which is contrary to justice.
Further, it is laid down (Extra, De Usuris, in the Decretal: 'Cum tu sicut asseris'): "Property accruing from usury must be sold, and the price repaid to the persons from whom the usury was extorted." Therefore, likewise, whatever else is acquired from usurious money must be restored.
http://eawc.evansville.edu/anthology/aquinas78.htm   (3768 words)

  
 The House of Degenhart » Usury
deposed from the clergy and from all ecclesiastical rank, clerics who took usury; and the same thing is the case with an infinite number of councils, in fact with nearly all e.g.
Please remember, however, that the argument over whether usury can be done in an equitable manner is in the end irrelevant, because equitable or not, it is forbidden, at least to our brethren.
Anyone on either side of a usury contract was given thirty days to cease and desist.
http://degenhart.us/blog/index.php?cat=10   (10947 words)

  
 The Essays of Francis Bacon - Lot Eight
That there be two rates of usury: the one free, and general for all; the other under license only, to certain persons, and in certain places of merchandizing.
And it is to be noted, that the trade of merchandize, being the most lucrative, may bear usury at a good rate; other contracts not so.
Secondly, let there be certain persons licensed, to lend to known merchants, upon usury at a higher rate; and let it be with the cautions following.
http://ourworld.compuserve.com/homepages/mike_donnelly/lotNINE.htm   (4028 words)

  
 Usury and Social Justice in Catholic - ecumenical social teachings; Bishop Paul Peter, TCRNews2.com, Traditional ...
There are specific cases of usury, like credit cards, that must be addressed.
To hang on to the credit card business, many other states loosened state usury limits.
Would a bank charge Jesus Christ, who chased out the money changers in the temple, 18-to-35 percent interest on a credit card?
http://tcrnews2.com/usury.html   (2328 words)

  
 UNDERSTANDING "RIBA" (USURY)
Usury is condemned and prohibited in the strongest possible terms.
Hence, the administrating, guaranteeing or witnessing, as a third party, of any legal or banking document or contract that involves Riba (Usurious or Simple Interest), is prohibited.
There can be no question about the prohibition.
http://www.mostmerciful.com/riba.htm   (2705 words)

  
 slacktivist: On usury
I think the lib Dem Sens voted against it because it would have created a rate umbrella--banks could raise the rate to 30% in states without usury statutes and justify it as saying it was authorized by Congress.
For the record, the Amendment would not have superseded state usury laws unless they provided for interest greater than 30%.
Listed below are links to weblogs that reference On usury:
http://slacktivist.typepad.com/slacktivist/2005/03/on_usury.html   (1749 words)

  
 Usury Enslaves
Today, the politically correct term used for "usury" is "interest rate".
The more wealthy slaves, however, still had to purchase their fellow Israelite slaves who did not yet have the wealth to buy their own freedom.
What makes a 25% annual interest rate criminal, but a 15% annual interest rate not criminal?
http://news.goldseek.com/GoldIsMoney/1074226792.php   (2629 words)

  
 BlackCrayon.com: dictionary: 'usury'
According to most theories of anarchism, usury cannot exist without the State.
Under political capitalism, the term 'usury' refers only to "excessive" rates of interest.
That form of privilege or interference with the Free Market in which one State-supported group monopolizes the coinage and thereby takes tribute (interest), direct or indirect, on all or most economic transactions.
http://blackcrayon.com/library/dictionary/?term=usury   (73 words)

  
 The Evil of Usury
The whole case against usury is too large to cover in the space of an article so the following is a concise and brief explanation of the workings of this fraudulent system.
The evil that lurks behind usury must not under any circumstance be supported or encouraged.
Of course when it comes to paying that money back, there is the question of usury or interest.
http://www.biblebelievers.org.au/usury.htm   (4166 words)

  
 Medieval Sourcebook: Thomas Aquinas: On Usury, c. 1269-71
To take usury for money lent is unjust in itself, because this is to sell what does not exist, and this evidently leads to inequality which is contrary to justice....
A lender may without sin enter an agreement with the borrower for compensation for the loss he incurs of something he ought to have, for this is not to sell the use of money but to avoid a loss.
But the lender cannot enter an agreement for compensation, through the fact that he makes no profit out of his money: because he must not sell that which he has not yet and may be prevented in many ways from having....
http://www.fordham.edu/halsall/source/aquinas-usury.html   (383 words)

  
 Usury
The statutory provisions on Commercial Law are found in title 33 of this code.
The extension of credit arising from the use of a credit card issued to a resident of the Federated States of Micronesia shall be subject to any applicable usury laws of the jurisdiction where the principal place of business of the credit card issuer is located, and not to the provisions of this chapter.
(13) “Usury” is the exacting, taking, or receiving of an interest charge in an amount or at a rate in excess of that allowed by law for the use of money or extension of credit.
http://www.fsmlaw.org/fsm/code/title34/T34_Ch02.htm   (1100 words)

  
 usury
The safety net under the guise of the great society was to somehow compensate for the Neo Liberal exploitation of the global civilization.
Recently, organized usury controlling the content of their 'Neo Liberal' media subsidiaries has been spotlighted by the communications bill.
This in turn gets the property of the former job holder into the hands of organized usury through foreclosure by the banks they also own in many cases as stockholders in the bank's holding company etc. hmmm.
http://raenergy.igc.org/usury.html   (2021 words)

  
 Usury
Usury is another word for theft and it is a doctrine of the Babylonian church.
But the church compromised on usury as it did on a just price.
The New Testament does not forbid the taking of interest, but recommends the loaning of money gratis.
http://www.latter-rain.com/perspectives/usury.htm   (446 words)

  
 Usury and Ezra Pound
Ezra Pound's anti-semitism was based on his interest in fascist monetary theories, which, to put it over-simply, saw usury as the chief economic ill of modern society.
Usury is conventionally defined as the taking of unnecessarily high interest in loans, and it has long been part of the language of anti- semitism.
Author: Davis, Earle Rosco, 1905- Title: Vision fugitive, Ezra Pound and economics / by Earle Davis.
http://www.writing.upenn.edu/~afilreis/88/usury.html   (191 words)

  
 usury - Columbia Encyclopedia article about usury
usury: see interest interest, charge for the use of credit or money, usually figured as a percentage of the principal and computed annually.
Simple interest is computed annually on the principal.
This is a kind of usury, banker, that I do not understand.
http://columbia.thefreedictionary.com/usury   (176 words)

  
 AXINAR'S: Usury
The coverage today made mention of legislation being considered in several states to put the kibosh on some of the particularly disgusting behavior heaped by these companies upon their customers.
Now in America generally "usury" has been used to refer to charging EXCESSIVE interest, but, as more time goes on, I am beginning to wonder if the Muslims may have it right.
The Axinar generally doesn't have much use for organized religion, but one point that may actually merit some examination is the Muslim belief that usury - that is to say the charging of ANY interest - is an unforgivable sin.
http://axinar.blogspot.com/2006/02/usury.html   (468 words)

  
 Suburban Guerrilla » Usury
Aspire Visa is notorious for extremely high annual fees, monthly fees, account opening fees, credit line increase fees, and finance charges, in addition to awful customer service.
Posted by Susie in General, Theocracy, Politics As Usual, Fuck the Poor (February 19, 2006 at 5:00 pm)
(APN) ATLANTA–Ralph Reed’s largest campaign financial supporters, members of Georgia’s Hanna family, are major owners of CompuCredit–the company which issues the highly usurious “credit rebuilding” Aspire Visa Card–Atlanta Progressive News has learned.
http://susiemadrak.com/2006/02/19/17/00/usury   (411 words)

  
 Usury
Usury - the sum paid for the use of money, hence interest; not, as in the modern sense, exorbitant interest.
The Jews were forbidden to exact usury (Lev.
http://www.biblelearn.com/east3752.htm   (62 words)

  
 no contact politics: Quote: Ezekiel (on Usury)
Hath given forth upon usury, and hath taken increase: shall he then live?
I see no sign of close attention to Biblical texts at all, except their wilful misreadings of the rather marginal books of Genesis and Revelations, interpretations which seem to be passed around by word of mouth (which probably means TV).
The predictable excuse that usury only applies to extortionate interest is plain wrong - it's just special pleading.
http://chromatius.blogspot.com/2005/10/quote-ezekiel-on-usury.html   (645 words)

  
 Beyond the Pale: "Usury"
Another stereotype of "the Jew" is created against the background of the same economic circumstances: the Jews as poor peddlers of second-hand articles.
Jews become identified with "usury," the lending of money against excessive interest.
Interest on loans is high because of the risks involved and the lack of capital.
http://www.friends-partners.org/partners/beyond-the-pale/english/13.html   (216 words)

  
 Bentham: Defence of Usury: Library of Economics and Liberty
Bentham: Defence of Usury: Library of Economics and Liberty
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http://www.econlib.org/library/Bentham/bnthUs.html   (23 words)

  
 OPTIONS: USURY
View it with Adobe Acrobat Reader or open source DjVu desktop viewers (no DjVu plug-in required)
Title: Usury; a scriptural, ethical and economic view, by Calvin Elliott.
http://fax.libs.uga.edu/HB539xE46   (54 words)

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