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Discussion of research and writing about Virginia history

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Subject:
Usury
From:
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Reply To:
Discussion of research and writing about Virginia history <[log in to unmask]>
Date:
Mon, 19 Dec 2005 21:50:23 -0500
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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

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