25 CFR § 141.49 Business Practices on the Navajo, Hopi and Zuni Reservations

§ 141.49 Usury prohibited.

Current through Jun 5, 2025 · Read all of Part 141

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.

← § 141.48 Translation of disclosure statements.§ 141.50 Penalty and forfeiture of merchandise. →