District of Columbia Statutes

§ 28-3303 — Usury defined.

District of Columbia § 28-3303
JurisdictionDistrict of Columbia
Title 28Commercial Instruments and Transactions. [Enacted title]
Ch. 33Interest and Usury.

This text of District of Columbia § 28-3303 (Usury defined.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
D.C. Code § 28-3303 (2026).

Text

If a person or corporation contracts in the District,

(1)verbally, to pay a greater rate of interest than 6% per annum, or
(2)in writing, to pay a greater rate than is permitted under section 28-3301, 28-3308, under Chapter 36 of this subtitle , or under § 26-301 et seq., the creditor shall forfeit the whole of the interest so contracted to be received.

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Related

Finance America Corp. v. Moyler
494 A.2d 926 (District of Columbia Court of Appeals, 1985)
11 case citations
Needle v. Hoyte
644 A.2d 1369 (District of Columbia Court of Appeals, 1994)
7 case citations
Roll Ex Rel. Ralph D. Kaiser Co. v. Rothenberg (In Re Rothenberg)
203 B.R. 827 (District of Columbia, 1996)
4 case citations
Sloan v. Allen
(District of Columbia Court of Appeals, 2024)

Legislative History

Aug. 30, 1964, 78 Stat. 675, Pub. L. 88-509, § 1; Dec. 17, 1971, 85 Stat. 665, Pub. L. 92-200, § 2; May 12, 1998, D.C. Law 12-111, § 25(a), 45 DCR 1782

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District of Columbia § 28-3303, Counsel Stack Legal Research, https://law.counselstack.com/statute/dc/28-3303.