D.C. Money Lender / 24% Usury Collection Check

Live. Collecting a D.C. loan? 28-3301/3303: above 24% forfeits all interest; $1,000 or less is unenforceable (47-2884.10); unlicensed loans not enforced.

Collecting a District of Columbia personal, online or payday loan? Checks each loan and contact against D.C. law: a written rate above 24% a year (fees counted; 6% if oral) forfeits all interest (D.C. Code 28-3301, 28-3303); a loan of $1,000 or less above that rate cannot be enforced by the lender or a knowing holder (47-2884.10(c)); unlicensed loans above the rate are not enforced in D.C. (47-2884.10(d)). Flags collecting forfeited interest or an unenforceable loan (FDCPA 1692e(2)(A), 1692f(1)) and arrest threats; business loans above $2,500 exempt. Not legal advice.

Price: $0.001 per call after 1,000 free per month.

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