25 CFR 141.49
§ 141.49 Usury prohibited.
United States · 25 CFR — Indians · Status: effective
Cite this
- Citation
- 25 CFR 141.49, § 141.49 Usury prohibited, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/105167
- Permanent ID
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Full text
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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.