Description

Draft of an act of the Florida Territorial Legislative Council deeming that all loans and other interest bearing instruments with an interest rate in excess of seven percent per year are fraudulent, usurious, and void. The bill was later annotated as having been from 1824, but it does not appear to have been passed during that legislative session. It may have either failed to pass a vote in the Territorial Legislative Council or the contents of the bill were incorporated into another act.

Date

1824

Format

Legislative Acts

Coverage

Territorial Florida (1821-1845)

Topic

Politics and Government

Subjects

Interest rates
Loans
Mortgages
Usury laws

Geographic Term

Florida