25 C.F.R. § 141.49

Usury prohibited.

Last amended: 2016Year: 2025Length: 56 wordsOfficial source

Cite as 25 C.F.R. § 141.49 (2025)

No reservation business may take or receive money, goods, or other things of value for a loan or forbearance on a debt that exceeds in value the principal plus twenty-four percent (24 percent) per annum finance charge. Any reservation business contracting for, reserving, or receiving directly or indirectly, any greater amount shall forfeit the finance charge.
25 C.F.R. § 141.49: Usury prohibited. | Justis AI