This article United States: Don’t Get Used By Usury Laws discusses the trap of violating New York States criminal usury laws. Drafters of promissory notes and loans should be aware of possible usury laws in the applicable jurisdiction.
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","frontmatter":{"title":"Blog Bite: When is the interest rate so high that it is usury in New York State?","date":"May 15, 2018","description":"This article posted on our partner site Mondaq.com discusses the trap of violating New York States criminal usury laws","author":{"id":"cmcivor@cobaltcounsel.com","first":"Chris","last":"McIvor","bio":null,"image":null},"tags":["Promissory Note","cmcivor"]}}},"pageContext":{"slug":"/blog-bite-when-is-the-interest-rate-so-high-that-it-is-usury-in-new-york-state/","previous":{"fields":{"slug":"/blog-bite-what-are-the-common-features-of-convertible-notes/"},"frontmatter":{"title":"Blog Bite: What are the common features of convertible notes?","tags":["Promissory Note","cmcivor"],"author":{"id":"cmcivor@cobaltcounsel.com","first":"Chris","last":"McIvor"}}},"next":{"fields":{"slug":"/blog-bite-can-mortgages-be-assigned-in-the-same-way-as-promissory-notes/"},"frontmatter":{"title":"Blog Bite: Can mortgages be assigned in the same way as promissory notes?","tags":["Promissory Note","cmcivor"],"author":{"id":"cmcivor@cobaltcounsel.com","first":"Chris","last":"McIvor"}}}}}}