Record #:

32548

Author(s):

Lapp, John S.; Walden, Michael L.

Abstract:

One of the key issues before the 1981 North Carolina General Assembly has been proposals to amend the state’s usury laws that establish the maximum rates of interest banks and allow other financial institutions to charge for loans. In this article, the authors argue that the public interest would best be served by the elimination of all usury laws.

Source:

We the People of North Carolina (NoCar F 251 W4), Vol. 39 Issue 4, Apr 1981, p48-62, por

Subject(s):

Usury laws; Bank loans--Laws and legislation