Criminal “Usury” Legislation inside Colorado – CRS § 18-15-104
Significantly less than Texas § 18-15-104 CRS, predatory mortgage strategies such as for example extreme interest levels (greater than an annual price off forty five%) was prohibited because the criminal usury. A conviction are a crime punishable by the 12 so you’re able to 1 . 5 years within the jail and you will a fine all the way to $a hundred,100000.
(1) Any person whom consciously fees, requires, otherwise receives any money and other assets once the financing loans charge the spot where the fees exceeds an annual […]