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Non-Tech : Derivatives: Darth Vader's Revenge
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To: ahhaha who wrote (392)10/5/1998 3:34:00 PM
From: Henry Volquardsen  Read Replies (2) of 2794
 
My original point was that situation never arrived. Chase didn't make the loan at 12% and violate usury laws, they just didn't make loans in that case. In any event the usury limits were set higher and were changed before it became a major issue. It did however shut out some lending. But not making the loan is not a case of someone being allowed to evade the law, it was in fact strict adherence. To use your example the driver did not go 65 and break the 55 limit, he pulled over and stopped.
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