District of Columbia Statutes
§ 28-3303 — Usury defined.
District of Columbia·Title 28 Commercial Instruments and Transactions. [Enacted title]·Ch. 33 Interest and Usury.
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)
Needle v. Hoyte
644 A.2d 1369 (District of Columbia Court of Appeals, 1994)
Roll Ex Rel. Ralph D. Kaiser Co. v. Rothenberg (In Re Rothenberg)
203 B.R. 827 (District of Columbia, 1996)
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
Nearby Sections
15
§ 28-2101
Form of assignment.§ 28-2103
Assignee.§ 28-2104
Bond of assignee.§ 28-2106
Duties of assignee.§ 28-2107
Preferences prohibited.§ 28-2110
Notice to creditors.§ 28-2302
Assignment of bond or obligation.