A couple years ago Virginia authorized certain loans that are in excess
of 300% per annum.
I believe in colonial times rates above a certain level ( I am guessing
no higher than 10% ) were illegal, and possibly ? criminal.
How has the law evolved to this radically different approach? How have
the laws of Usury evolved in Virginia over time?
yours truly
T. Gregory Evans
Chesapeake, VA
To subscribe, change options, or unsubscribe, please see the instructions
at http://listlva.lib.va.us/archives/va-hist.html