Can a Usury Savings Clause Save the Lender? | Practical Law

Can a Usury Savings Clause Save the Lender? | Practical Law

This Article discusses the purpose and enforceability of usury savings clauses under the laws of certain key jurisdictions, including New York, New Jersey, Texas and California. This Article also discusses the consequences of a lender violating a state's usury statutes.

Can a Usury Savings Clause Save the Lender?

Practical Law Article 5-508-1908 (Approx. 9 pages)

Can a Usury Savings Clause Save the Lender?

by Robert Stein and Manasi Parekh, Blank Rome LLP
Law stated as of 24 Oct 2011USA (National/Federal)
This Article discusses the purpose and enforceability of usury savings clauses under the laws of certain key jurisdictions, including New York, New Jersey, Texas and California. This Article also discusses the consequences of a lender violating a state's usury statutes.