Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 2 of 2
Full-Text Articles in Law
Usury--A Primer On The West Virginia Law, Richard S. Stephenson, George A. Patterson
Usury--A Primer On The West Virginia Law, Richard S. Stephenson, George A. Patterson
West Virginia Law Review
No abstract provided.
Consumer Law--The Supervised Loan In West Virginia, Jon David Levy
Consumer Law--The Supervised Loan In West Virginia, Jon David Levy
West Virginia Law Review
The supervised (small) loan is just one piece in the patchwork of transactions characterized as consumer credit. It is designed to increase the availability of credit for consumers in a form attractive to legitimate lenders who are permitted to issue loans with a low ceiling on the maximum principal amount, and a high ceiling on the permissible rate of interest. The other primary feature of the supervised loan, in trade off to its exemption from general usury requirements, is comprehensive regulation. As a result, supervised loan legislation is uniformly characterized by scrupulous licensing and oversight requirements. The one source perhaps …