TITLE

THE LOAN SHARK PROBLEM IN THE SOUTHEASTERN STATES

AUTHOR(S)
SIMPSON, WILLIAM HAYS
PUB. DATE
January 1954
SOURCE
Law & Contemporary Problems;Winter1954, Vol. 19 Issue 1, p68
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article offers information on loan shark problems in the Southern states of the U.S. As stated, money lending was increasing in the country so many states passed regulatory acts including Mississippi, Maryland, North Carolina etc. The civil penalties imposed in actions on usurious contracts of course vary in the different states. Louisiana law contains no provision for civil penalties but in West Virginia and Maryland forfeiture of excess over legal rate may be had through legal actions while forfeiture of all interest is provided for in the laws of Alabama, Florida, Georgia etc.
ACCESSION #
59219996

 

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