Prohibited Transactions

4 CMC § 5303, under Usury.

4 CMC § 5303

Prohibited Transactions. Any person who directly or indirectly receives any interest, discount, or consideration for or upon the loan or forbearance to enforce the payment of money, goods and things in action, greater than two percent per month shall be guilty of usury, and upon conviction thereof shall be imprisoned for a period of not more than six months, or fined not more than $100, or both. Source: 33 TTC § 253.