District of Columbia Interest Rate Modification: Hearing Before the Subcommittee on Governmental Efficiency and the District of Columbia of the Committee on Governmental Affairs, United States Senate, Ninety-sixth Congress, First Session, on S. 1992 and S. 2005, November 14, 1979 |
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Page 9
... usury crisis . The current law is 11 percent . Money market rates being what they are , that 11 - percent rate is ... laws of significance that are in jeopardy . To wait , then , for this case to go up to the appellate court to be ...
... usury crisis . The current law is 11 percent . Money market rates being what they are , that 11 - percent rate is ... laws of significance that are in jeopardy . To wait , then , for this case to go up to the appellate court to be ...
Page 28
... legislation is entitled to great weight , the Council's inter- pretation of its powers under the Home Rule Act is ... Usury laws : See First Emergency Interest Rate Extension Act of 1978 , Act 2-224 , 25 DCR 1428 ; Second Emergency ...
... legislation is entitled to great weight , the Council's inter- pretation of its powers under the Home Rule Act is ... Usury laws : See First Emergency Interest Rate Extension Act of 1978 , Act 2-224 , 25 DCR 1428 ; Second Emergency ...
Page 100
... usury law . If a State wants to have a usury law , that is perfectly all ... laws with rates like 10 , 11 , 12 , rates that are pragmatically ... usury laws Senator EAGLETON . No , I understand . This crisis - and it is a crisis - that is ...
... usury law . If a State wants to have a usury law , that is perfectly all ... laws with rates like 10 , 11 , 12 , rates that are pragmatically ... usury laws Senator EAGLETON . No , I understand . This crisis - and it is a crisis - that is ...
Page 103
... legislation that would preempt state usury laws , not only for government - backed residential mortgages , such as those insured by the Federal Housing Administration or guaranteed by the Veterans Administration , but conventionally ...
... legislation that would preempt state usury laws , not only for government - backed residential mortgages , such as those insured by the Federal Housing Administration or guaranteed by the Veterans Administration , but conventionally ...
Page 109
... usury ceilings preclude the origination of mortgages at rates that are competitive in this kind of environment , many lenders are locked out of the marketplace altogether . Also unfortunately , usury laws are at their most damaging at ...
... usury ceilings preclude the origination of mortgages at rates that are competitive in this kind of environment , many lenders are locked out of the marketplace altogether . Also unfortunately , usury laws are at their most damaging at ...
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Common terms and phrases
90 days Accompanied by Resolution action adopted amendment appeal appellee approved bill Chairman City Council Committee Condominium and Cooperative Cong CONGRESS THE LIBRARY congressional review period Cooperative Conversion Cooperative Regulation Act D. C. Law D.C. Act D.C. Code D.C.Reg decision Defendant District of Columbia emergency circumstances Emergency Condominium Emergency Cooperative Regulation emergency measures emergency power Esquire expire Fannie Mae Federal FNMA former Council Freddie Mac funds Harkrader Home Rule Act Interest Rate Modification issue Judge Revercomb lative legis legislative history legislative power lenders LIBRARY OF CONGRESS Mayor memorandum moratorium mortgage loans motion for summary ninety days October October 19 passed pending permanent legislation Plaintiff procedure provisions pursuant reenactment Second Emergency second reading secondary market Section Self-Government Act Senator EAGLETON session Sloan statute statutory successive emergency acts summary judgment Supp supra take effect immediately tion two-thirds usury ceilings usury laws vote WASHINGTON HOME OWNERSHIP
Popular passages
Page 225 - It may be stated then, as a general rule inherent in the American constitutional system, that, unless otherwise expressly provided or incidental to the powers conferred, the Legislature cannot exercise either executive or judicial power; the executive cannot exercise either legislative or judicial power; the judiciary cannot exercise either executive or legislative power.
Page 73 - Has the petitioner made a strong showing that it is likely to prevail on the merits of its appeal; 76 Cite as 326 F.Supp.
Page 225 - Legislative power, as distinguished from executive power, is the authority to make laws, but not to enforce them or appoint the agents charged with the duty of such enforcement. The latter are executive functions.
Page 30 - This police power of the State,' says another eminent judge, 'extends to the protection of the lives, limbs, health, comfort, and quiet of all persons, and the protection of all property within the State.
Page 52 - When faced with a problem of statutory construction, this Court shows great deference to the interpretation given the statute by the officers or agency charged with its administration.
Page 197 - Ct 347 (1975), we elaborated on this exception, holding that a case is not moot when: "(1) the challenged action was in its duration too short to be fully litigated prior to its cessation or expiration, and (2) there was a reasonable expectation that the same complaining party would be subjected to the same action again.
Page 26 - Idaho be authorized and he is hereby directed to immediately forward certified copies of this memorial to the speaker of the house and to the president of the senate of the following States : Washington, Oregon, California, Montana, Utah, Wyoming, Colorado, Nevada, Arizona, New Mexico.
Page 52 - To sustain the Commission's application of this statutory term, we need not find that its construction is the only reasonable one, or even that it is the result we would have reached had the question arisen in the first instance in judicial proceedings.
Page 103 - FNMA's secondary market operations are restricted by statute to those which (1) are insured by the Federal Housing Administration or guaranteed by the Veterans...
Page 32 - Jurisdiction on the basis that a dispute is "capable of repetition, yet evading review" is limited to the "exceptional situatio[n]," Los Angeles v. Lyons, 461 US 95, 109 (1983), where the following two circumstances simultaneously occur: "'(1) the challenged action [is] in its duration too short to be fully litigated prior to its cessation or expiration, and (2) there [is] a reasonable expectation that the same complaining party would be subjected to the same action again.