ceiling

(redirected from Usury Ceilings)
Also found in: Dictionary, Thesaurus, Legal, Financial, Encyclopedia.

ceiling

Vox populi A maximum, upper limit. See Glass ceiling, Nondisclosure ceiling.
References in periodicals archive ?
Similarly, usury ceilings in the past resulted in the non-availability of credit to high risk borrowers whenever such ceilings were lower that the rates free markets would have fixed.
By treating their contracts as leases rather than installment sales or small loans, consumer advocates say, they avoid complying with usury ceilings and laws that require interest rates to be disclosed, such as the Truth in Lending Act.
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).