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Description and Holding Information
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General Court. Act on interest rate and against excessive usury, 1826 [version 1]
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SEE ALSO 51780 An act to establish the rate of interest and to restrain the taking of excessive usury, March 16, 1826 version 1. Interest on $100
was not to be more than $6 per year, nor exceed that for a greater or lesser sum or a longer or shorter time. If a contract was already in place for
higher interest, that interest part of the contract was void; the principal had to be repaid, but the interest could not exceed the above. Courts were
directed to enforce it. This repealed an act of 1784. (Digitized from a microfilm copy of title originally held by the Massachusetts State
Library).
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Title:
An act, to establish the rate of interest, and to restrain the taking of excessive usury
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OCLC Number:
1381685087
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Available Volumes
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| Name | Fiche Count | Online | Paper Backup |
| Vol. 1 | | Yes | No |
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