A Bona Fide Commitment Fee is not Interest for Purposes of Usury Law Violations
Date
1980
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Texas Tech Law Review
Abstract
Examines Texas Supreme Court case, Stedman v. Georgetown Savings and Loan Association. Stedman focuses on the difference between a bona fide commitment fee and interest and how the two relate to usury laws. The author takes a close look at the current policy of exempting commitment fees from usury consideration.
Description
Keywords
Usury, Commitment fees, Loan, Interest, Usury consideration, Stedman v. Georgetown Savings and Loan Association, Case note
Citation
11 Tex. Tech L. Rev. 971