This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.
Connecticut Reservation of Additional Interests in Production
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Multi-State
Control #:
US-OG-819
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Word;
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Interest Rates Laws in Connecticut Code SectionGeneral Statutes of Connecticut Title 37-1, et seq.: InterestLegal Maximum Rate of Interest12% (§37-4)Penalty for Usury (Unlawful Interest Rate)Loan is not enforceable (§36a-573)Interest Rates on JudgmentsAbsent agreement to contrary, 8% (§37-1)1 more row
Whenever the maker of any contract is a resident of another state or the mortgage security is located in another state, any obligee or holder of such contract, residing in this state, may lawfully recover any agreed rate of interest or damages on such contract until it is fully performed, not exceeding the legal rate ...
Maximum Chargeable Interest Type of loanRegulated Maximum InterestCurrent Maximum Interest *Home Loan(Repo rate + 12%) per year15.5% per yearUnsecured Loan(Repo rate + 21%) per year23.5% per yearShort-term Loan5% per month on the first loan, 3% per month on the second loan
Charging Exorbitant Interest by the Money Lenders is prohibited. As per Government Notification dated 28-9-2003, they shall not charge more than 14% (for secured) and 16% (for unsecured loans).
(a) All conveyances of land shall be: (1) In writing; (2) if the grantor is a natural person, subscribed, with or without a seal, by the grantor with his own hand or with his mark with his name annexed to it or by his agent authorized for that purpose by a power executed, acknowledged and witnessed in the manner ...
(a) No person shall operate any motor vehicle (1) upon any highway, road or any parking area for ten cars or more, at such a rate of speed as to endanger the life of any occupant of such motor vehicle, but not the life of any other person than such an occupant; or (2) at a rate of speed greater than fifty-five miles ...
There is no federal regulation on the maximum interest rate that your issuer can charge you, though each state has its own approach to limiting interest rates. State usury laws often dictate the highest interest rate that can be charged on loans, but these often don't apply to credit card loans.
An interest rate that exceeds the legal rate of interest is classified as usury. There are usually stiff penalties for usury in most states, such as fines or even the forfeiture of principal and/or interest.