District of Columbia § 28-3315 Exemption of institutions of higher learning from usury law.

District of Columbia Statutes

§ 28-3315 — Exemption of institutions of higher learning from usury law.

District of Columbia·Title 28 Commercial Instruments and Transactions. [Enacted title]·Ch. 33 Interest and Usury.

Any institution of higher education located in the District of Columbia and described in the first sentence of section 101(a) of the Higher Education Amendments, approved October 7, 1998 (112 Stat. 1385; 20 U.S.C. § 1001(a)  ) (other than District of Columbia Teachers’ College, Federal City College, Gallaudet College, and Howard University) may borrow money at such rates of interest as the institution may determine, without regard to the restrictions of any usury law applicable in the District of Columbia, and shall not plead any statutes against usury in any action.

Free access — add to your briefcase to read the full text and ask questions with AI

Any institution of higher education located in the District of Columbia and described in the first sentence of section 101(a) of the Higher Education Amendments, approved October 7, 1998 (112 Stat. 1385; 20 U.S.C. § 1001(a) ) (other than District of Columbia Teachers’ College, Federal City College, Gallaudet College, and Howard University) may borrow money at such rates of interest as the institution may determine, without regard to the restrictions of any usury law applicable in the District of Columbia, and shall not plead any statutes against usury in any action.

District of Columbia § 28-3315 (Exemption of institutions of higher learning from usury law.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.