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Ny Usury and Regulations
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Code В§ 5-501 (nyc Usury Law Snippets of great interest)
Quote: “1.) The interest rate, as computed pursuant for this name, upon the mortgage or forbearance of every money, products, or things doing his thing, except as supplied in subdivisions five and six of the area or as otherwise supplied by legislation, will probably be six per centum per year unless a rate that is different recommended in part fourteen-a of this banking legislation. Continue reading