Usury Laws

[lnf]

Delaware
I just want to find out what Delaware's usury laws are or if you know of a place where I can review them.

 

[justathought]

Tee, hee...

Did you ever stop to wonder why so many credit cards are from Delaware?




Taken from: http://www.bankrate.com/brm/news/cc/19980202.asp

No limit on rates in 26 states
There are 26 states that have no limit on what bank credit card issuers can charge for interest rates, according to the American Bankers Association. Issuers in 27 states have no limit on what they can charge for annual fees.

California, DELAWARE (emphasis added), South Dakota and Tennessee are among the states offering the least protection. These four states currently have no maximums on the following:

· delinquency fees
· cash advance fees
· over-the-limit fees
· transaction fees
· stop payment fees
· ATM fees
· mandatory grace period