Salt Lake Herald-Republican | 1913-01-22 | Page 10 | 'Loan Sharks' Hard Hit

I I I LOAN SHARKS SHARKS' SHARKS SHARKS' HARD Hit t Cannot Exact for I of ot I Drawing Up rN j Alban Albany N. N 1 Y V. Jan Jail 21 Time Th Tho court appeals dealt a Do severe blow to the s sc called loan shark business todd tad when it held as illegal the tile pr practice cUc exacting eT a additional sums from borro borrow borrowers ers em under the gulso guise of payments f expenses Incurred in drawing up pai po and null examining titles to property T 1 corporations In Ill loaning mono money on p pi property cannot charge rn n. n than 2 per pel cent interest a month not than 2 for Cor expenses l rr on oil loans less Jess than V f t j The Tho decision was rendo rendered d In a D ac c c cIn originating in New ew York CU City wh whan an additional payment of at 10 10 to a a. t person was required for Cor examining title to property upon which a D aloan J loan wa wag made Tho The c court held heid the 2 2 limit for Cor expenses applies w attorneys or other tiler outsiders thus thui employed VV V t