ceiling

(redirected from Usury Ceiling)
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ceiling

Vox populi A maximum, upper limit. See Glass ceiling, Nondisclosure ceiling.
References in periodicals archive ?
Consumers, though, found credit less available because binding usury ceilings resulted in nonprice rationing of consumer credit.
One of its purposes was to phase out ceilings on interest payable on deposits by 1986; it also preempted state usury ceilings unless a state opted to reinstitute them.
Still open is the question of why implicit interest rates on rent-to-own contracts, even after accounting for contract complexity and dealer costs, are still higher than typical usury ceilings.
A key series of changes concerned deregulation of interest rates on both sides of the balance sheets of depository institutions: through removal of Regulation Q on deposits and of usury ceilings on loans.
With MC2, mortgage professionals submit loan data on a manual, batch or combined basis to the Mavent Expert System, Mavent's flagship automated compliance solution, which collects and processes the electronic loan data against a comprehensive set of high cost, licensing, and general state consumer credit law (such as state-specific fee limitations, usury ceilings and interest rate accrual restrictions).
Loan termsCosuch as fee limitations, interest usury ceilings, permissible accrual methods, late fee and grace period provisions, and prepayment penalty restrictionsCoare not only addressed, but treated appropriately based on how the parties are licensed or chartered, as well as according to the transaction type.