Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
52.14 INTEREST ON LOANS.
Subdivision 1.[Repealed, 1982 c 494 s 5]
Subd. 2. Maximum allowable rate. Interest rates on unpaid balances of loans made by a
credit union shall not exceed one percent a month or the rate of interest authorized by section
48.195, whichever is greater at the time the loan is made. If the rate of interest charged is
permitted by section 48.195 at the time the loan is made, the rate does not later become usurious
because of a fluctuation in the federal discount rate.
History: (7774-14) 1925 c 206 s 14; 1980 c 522 s 3; 1982 c 494 s 4
Subdivision 1.[Repealed, 1982 c 494 s 5]
Subd. 2. Maximum allowable rate. Interest rates on unpaid balances of loans made by a
credit union shall not exceed one percent a month or the rate of interest authorized by section
48.195, whichever is greater at the time the loan is made. If the rate of interest charged is
permitted by section 48.195 at the time the loan is made, the rate does not later become usurious
because of a fluctuation in the federal discount rate.
History: (7774-14) 1925 c 206 s 14; 1980 c 522 s 3; 1982 c 494 s 4
Official Publication of the State of Minnesota
Revisor of Statutes