The Usury Defense: Not Dead Yet

Description: The word "usury" once referred simply to interest on loans. Historically, in the western world, the collection of interests on lent money was viewed as both sinful and unlawful in many circumstances. Modern, liberal principles of freedom of contract and of free trade have rendered the ancient condemnation of usury as obsolete as the belief that currency must have intrinsic value as a precious metal. Modern law still, however, treats excessive interest as usurious, and declares such usurious interest both unlawful and collectible in certain transactions. This webinar will provide a summary overview of Tennessee law concerning usury. It will include a proposal for revision of the law to provide for freedom of contract between creditors and borrowers who possess sufficient resources and acumen to take care of themselves in borrowing transactions.

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Course Information Webcast - Archived Video Course Credits Dual Credits: 0.00
General Credits: 1.00
Total Credits: 1

This program will be filed for Tennessee CLE credit. Please email a request to for Georgia and Mississippi CLE credit.