03-02-2007, 19:04
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#76
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Quiet Professional
Join Date: Apr 2006
Location: In transit somewhere
Posts: 4,044
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continued:
Quote:
OKLAHOMA, the legal rate of interest is 6%. Consumer loans may not
exceed 10% unless the person is licensed to make consumer loans.
Maximum rate on non-consumer loans is 45%. The judgment rate is the
T-Bill rate plus 4%.
OREGON, the legal rate is 9%, the judgment rate is 9% or the contract
rate, if lawful, whichever is higher. The general usury rate for
loans below $ 50,000 is 12% or 5% above the discount rate for
commercial paper.
PENNSYLVANIA, the legal rate of interest is 6%, and this is the
general usury limit for loans below $ 50,000, except for: loans with
a lien on non-residential real estate; loans to corporations; loans
that have no collateral above $ 35,000. Judgments bear interest at
the legal rate. It is criminal usury to charge more than 25%.
PUERTO RICO, the legal rate of interest is 6%; all other rates are
set by the Finance Board of Office of Commissioner of Financial
Institutions. Judgments bear interest at the same rate as the
underlying debt.
RHODE ISLAND, the legal rate of interest and judgment rate is 12%.
The general usury limit is 21% or the interest rate charged for T-
Bills plus 9%.
SOUTH CAROLINA, the legal rate of interest is 8.75%, and judgments
bear interest at the rate of 14%. Subject to federal criminal laws
against loan sharking there is no general usury limit for non-
consumer transactions. The South Carolina Consumer Protection code
provides regulations for maximum rates of interest for consumer
transactions. Please consult with counsel for the latest rates.
SOUTH DAKOTA, the legal rate of interest is 15%, judgments bear
interest at the rate of 12%. There is no other usury limit. There are
certain limitations on consumer loans below $ 5,000.00.
TENNESSEE, the legal rate and judgment rate of interest is 10%. The
general usury limit is 24%, or four points above the average prime
loan rate, WHICHEVER IS LESS.
TEXAS, the legal rate of interest is 6%. Interest does not begin
until 30 days after an account was due. The judgment rate of interest
is 18% or the rate in the contract, whichever is less. There are a
number of specific ceilings for different types of loans, please see
counsel for information.
UTAH, the legal rate of interest is 10%. Judgments bear interest at
the rate of 12%, or a lawfully agreed upon rate. There are floating
rates prescribed for consumer transactions. Please see counsel for
information.
VERMONT, the legal rate of interest and judgment rate of interest is
12%. On retail installment contracts the maximum rate is 18% on the
first $ 500, 15% above $ 500. The general usury limit is 12%.
VIRGINIA, the legal rate of interest is 8%. Judgments bear interest
at the rate of 8%, or the lawful contract rate. Corporations and
business loans do not have a usury limit, and loans over $ 5,000 for
"business" or "investment" purposes are also exempt from usury laws.
Consumer loans are regulated and have multiple rates.
WASHINGTON, the legal rate is 12%. The general usury limit is 12%, or
four points above the average T-Bill rate for the past 26 weeks,
whichever is greater. (The maximum rate is announced by the State
Treasurer.) Judgments bear interest at the rate of 12% or the lawful
contract rate, whichever is higher.
WEST VIRGINIA, the legal rate of interest is 6%. The maximum
"contractual" rate is 8%; Commissioner of Banking issues rates for
real estate loans, and, may establish maximum general usury limit
based on market rates.
WISCONSIN, the legal rate of interest is 5%. There are a myriad of
rates for different type of loans. There is no general usury limit
for corporations. Note that a loan to an individual, even if a
corporation is formed, will violate the law. The judgment rate of
interest is 12%, except for mortgage foreclosures, where the rate
will be the lawful contract rate.
WYOMING, the legal rate and judgment rate of interest is 10%. If a
contract provides for a lesser rate, the judgment rate is the lesser
of 10% and the contract rate.
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__________________
In the business of war, there is no invariable stategic advantage (shih) which can be relied upon at all times.
Sun-Tzu, "The Art of Warfare"
Hearing, I forget. Seeing, I remember. Writing (doing), I understand. Chinese Proverb
Too many people are looking for a magic bullet. As always, shot placement is the key. ~TR
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x SF med is offline
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03-03-2007, 13:43
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#77
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Consigliere
Join Date: Jan 2004
Location: Free Pineland (at last)
Posts: 8,845
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How is buying a knife subject to the usury laws? It's not because it's not a loan. Trust me, I know things. 
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Roguish Lawyer is offline
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03-03-2007, 14:02
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#78
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Quiet Professional
Join Date: Jan 2004
Location: Red State
Posts: 3,774
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New Harsey Custom Blade!
RL say's "Trust me I know things". Now that scares the hell out of me!!!
BMT
__________________
Don't mess with old farts...age and treachery will always overcome youth and skill! Bullshit and brilliance only come with age and experience.
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BMT (RIP) is offline
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03-03-2007, 19:38
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#79
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Quiet Professional
Join Date: Jan 2004
Location: Free Pineland
Posts: 24,829
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Quote:
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Originally Posted by BMT
RL say's "Trust me I know things". Now that scares the hell out of me!!!
BMT
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When it comes to legal stuff, I would listen to him.
TR
__________________
"It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat." - President Theodore Roosevelt, 1910
De Oppresso Liber 01/20/2025
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The Reaper is offline
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03-04-2007, 01:03
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#80
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Asset
Join Date: Feb 2007
Location: Fairbanks, AK
Posts: 25
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avoid the usary by not making it a loan, but a 2400% commission! Or a processing fee! 
And since when is legality a factor in taking advantage of the unsuspecting junior guy in the unit? lol
__________________
"Some men are alive simply because it is against the law to kill them." -- Ed Howe
"I thoroughly disapprove of duels. If a man should challenge me, I would take him kindly and forgivingly by the hand and lead him to a quiet place and kill him. "
--Mark Twain
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Genghis_Don is offline
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04-06-2007, 15:49
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#81
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Quiet Professional
Join Date: Mar 2006
Location: Queensland, Australia
Posts: 33
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I think the lead time is quite long, asked Mr. Harsey in March of '06 for one...I think he probably forgot, although I know he is quite busy. If you're still out there Bill, will be in Oregon to visit my brother in October, would love to visit you and see your workshop. And maybe pick up a Reaper??? Cash in hand, avoid the middleman... 
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slcraig is offline
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06-04-2011, 17:04
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#82
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Consigliere
Join Date: Jan 2004
Location: Free Pineland (at last)
Posts: 8,845
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Quote:
Originally Posted by Bill Harsey
TR, Thanks for posting the pictures, well done.
Thanks everyone else for your nice comments.
Sharkbait, Yes I'll make more, the master pattern is still here.
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Mr. Harsey, if you are still prepared to make more of these, I want one.
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Roguish Lawyer is offline
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06-04-2011, 17:37
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#83
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Area Commander
Join Date: Aug 2009
Location: USA-Germany
Posts: 1,574
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Me too!
Quote:
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Originally Posted by RL
Mr. Harsey, if you are still prepared to make more of these, I want one.
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Mr. Harsey Sir, If your duties would allow it, I would gladly purchase one as well.
__________________
"Men Wanted: for Hazardous Journey. Small wages, bitter cold, long months of complete darkness, constant danger, safe return doubtful. Honour and recognition in case of success.” -Sir Ernest Shackleton
“A society grows great when old men plant trees whose shade they know they shall never sit in.” –Greek proverb
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akv is offline
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06-04-2011, 20:40
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#84
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Quiet Professional
Join Date: Jan 2004
Location: Free Pineland
Posts: 24,829
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Maybe you should start production, Bill. 
TR
__________________
"It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat." - President Theodore Roosevelt, 1910
De Oppresso Liber 01/20/2025
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The Reaper is offline
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06-04-2011, 21:20
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#85
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Area Commander
Join Date: Nov 2005
Location: Cochise Co., AZ
Posts: 6,206
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Add me to the list.
Pat
__________________
"Hector Lives!"
"The limits of tyrants are prescribed by the endurance of those whom they oppress." -- Frederick Douglass
"The bigger the government, the smaller the citizen." -- Dennis Prager
"The urge to save humanity is almost always only a false-face for the urge to rule it." --H.L. Mencken
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PSM is offline
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06-05-2011, 02:53
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#86
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Quiet Professional
Join Date: Sep 2008
Location: .
Posts: 114
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what does it weigh in at? Have you taken any measurements yet?
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orko is offline
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06-05-2011, 05:54
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#87
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Bladesmith to the Quiet Professionals
Join Date: Feb 2004
Location: Oregon, Land of the Silver Grey Sunsets
Posts: 3,886
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Chris Reeve and I are working the problem but cannot say what the schedule is.
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Bill Harsey is offline
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06-05-2011, 09:59
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#88
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Consigliere
Join Date: Jan 2004
Location: Free Pineland (at last)
Posts: 8,845
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Quote:
Originally Posted by Bill Harsey
Chris Reeve and I are working the problem but cannot say what the schedule is.
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LOL, too many customers. Tough "problem" to have!
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Roguish Lawyer is offline
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06-20-2011, 08:33
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#89
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Quiet Professional
Join Date: Oct 2004
Location: New Mexico
Posts: 219
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I'm still interested in having one, Bill!
__________________
Dave
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Shark Bait is offline
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06-20-2011, 08:54
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#90
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Quiet Professional
Join Date: Jan 2006
Location: N.E.WA
Posts: 1,137
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Sign Me Up!!!!!
__________________
"Most of us here can attest that we never took the easy way. Easy just is............easy. Life is a work in progress, and most of the time its a struggle." ~ Me
"Every normal man must be tempted at times to spit upon his hands, hoist the black flag, and begin slitting throats." -Henry Louis Mencken (1880-1956)
"A Government that is losing to an insurgency is not being outfought, it is being out governed." Bernard B. Fall
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LongWire is offline
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