620 BB. CHASE'S RECIPES. 



California — Ten per cent after a debt becomes due, but parties may agree 

 upon any interest whatever, simple or compound. 



Colorado — Ten per cent on money loaned. 



Dakota — Seven per cent. Parties may contract for a rate of interest not 

 exceeding 12. Usury (illegal or exhorbitant interest) forfeits all the interest 

 taken. 



IdaTu) Territory — Ten per cent. Parties may agree in writing for any rale not 

 exceeding 2 per cent per month. Penalty for greater rate is 3 times the amount 

 paid, fine of $360, or 6 months' imprisonment, or both. 



llUiioia — Six per cent, but parties may agree in writing for 10. Penalty for 

 usury forfeits the entire interest. 



Indiana — Six per cent. Parties may agree in writing for any rate not 

 exceeding 10. Beyond that rate is illegal as to the excess only. 



Iowa — Six per cent. Parties may agree in writing for 10. A higher rate 

 works a forfeiture of 10 per cent. 



Kansas — Seven per cent. Parties may agree for 12. Usury forfeits the 

 excess. 



Michigan — Seven per cent. Parties may contract for any rate not exceed- 

 ing 10. 



Minnesota— ^^yen per cent. Parties mav contract to pay as high as 12, in 

 writing but contract for higher rate is void as to the excess. 



Missouii—Six per cent. Contract in writing may be made for 10. The pen- 

 alty of usury is forfeiture of the interest at 10 per cent. 



Montana — Parties may stipulate for any rate of interest. 



Netyraska — Ten per cent, or any rate on express contract not greater than 12. 

 Usury prohibits the recovery of any interest on the principal. 



Nevada — Ten per cent. Contract in writing may be paid for the payment 

 of any other rate. 



New Mexico Territory — Six per cent, but parties may agree upon any rate. 



New York — Seven per cent. Usury is a misdemeanor, punishable by a fine 

 of $1,000 or 6 months' imprisonment, or both, and forfeits the principal, even 

 fn the hands of third parties. 



OAeo— Six per cent. Contract in writing may be for 8. No penalty attached 

 for violation of law. If contract is for a higher rate than 8 it is void as to 

 Interest, and recovery is limited to principal and 6 per cent. 



Oregon — Ten per cent. Parties may agree on 12. 



Utah Territory — Ten per cent. No usury laws. Any rate may be agreed on. 



Washington Territory — Ten per cent. Any rate agreed upon in writing is 

 valid, 



Wisconsin — Seven per cent. Parties may contract in writing for 10, No 

 interest can be computed on interest. Usury forfeits all the interest paid. 



Wyoming Territory — Twelve per cent, but any rate may be agreed upon in 

 writing. 



Ontario — Six per cent, but parties may agree upon any rate 



Quebec — Six per cent, but any rate may be stipulated for. 



