HB 53, 43rd 3rd C.S.
Relating to defining "interest" and "usurious interest," lowering the rate of interest which may be agreed upon and fixed by parties to a written contract from ten percent (10%) per annum to six percent (6%) per annum, providing a penalty for charging interest in excess of six percent (6%) per annum.
Author: Henry Mackay
Coauthor: Robert A. Fuchs | Bodo Holekamp | Arthur Bosworth Tarwater | Penrose B. Metcalfe | Hezekiah Richard Stovall
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