Usury Act 1545
| Jurisdiction | UK Non-devolved |
| Citation | 1545 c. 9,37 Hen. 8 c. 9 |
| Year | 1545 |
(37 Hen. 8) C A P. IX.
'W H E R E before this Time divers and sundry Acts, Statutes and Lawshave been ordained, had and made within this Realm, for the avoiding and Punishment of Usury, being a Thing unlawful, and of other corrupt Bargains, Shiffs and Chevisances, (2)which Acts, Statutes and Laws been so obscure and dark in Sentences, Words and Terms, and upon the same so many Doubts, Ambiguities and Questionshave risen and grown, and the same Acts, Statutes and Laws been of so little Force or Effect, that by reason thereof little or no Punishment hath ensued to the Offendersof the same, but rather hath encouraged them to use the same:' (3) For Reformation whereof, the it enacted by the King our Sovereign Lord, by the Assent of the Lords Spiritual and Temporal, and of the Commons, in this present Parliamentassembled, and by the Authority of the same, That all and every the said Acts, Statutes and Laws heretofore made, of, for or concerning Usury, Shifts, corrupt Bargains and Chevisances, and every of them, and all Pains, Forfeitures and Penalties concerning the same, and every Partthereof, shall from henceforth be utterly void and of none Effect, to all Intents, Constructions and Purposes.
II Selling of Wares and buying them again.
II. And be it further enacted by the Authority aforesaid, That no Person or Persons of what Estate, Degree or Condition soever he or they be, from and after the last Day ofJanuary next coming, shall by himself, Factor, Attorney, Servant or Deputy, sell his Merchandises or Wares to any Person or Persons, and within three Months next after, by himself, Factor, Attorney, Deputy, or by any other Person or Persons to his Use and Behoof, buy the same Merchandises or Wares, or any Part or Parcel thereof, upon a lower Price, knowing them to be the same Wares or Merchandises that he before did so bargain and sell, upon the Pains and Forfeitures hereafter limited in this Estatute.
III No Person shall take above x. l. for the Forbearance of an C. l. for one Year. Altered 21 Jac. 1. c. 17.
III. And be it also enacted by the same Authority, That no Person or Persons, of what Estate, Degree, Quality or Condition soever he or they be, at any Time after the said last Day ofJanuary next...
Get this document and AI-powered insights with a free trial of vLex and Vincent AI
Get Started for FreeStart Your Free Trial of vLex and Vincent AI, Your Precision-Engineered Legal Assistant
-
Access comprehensive legal content with no limitations across vLex's unparalleled global legal database
-
Build stronger arguments with verified citations and CERT citator that tracks case history and precedential strength
-
Transform your legal research from hours to minutes with Vincent AI's intelligent search and analysis capabilities
-
Elevate your practice by focusing your expertise where it matters most while Vincent handles the heavy lifting
Start Your Free Trial of vLex and Vincent AI, Your Precision-Engineered Legal Assistant
-
Access comprehensive legal content with no limitations across vLex's unparalleled global legal database
-
Build stronger arguments with verified citations and CERT citator that tracks case history and precedential strength
-
Transform your legal research from hours to minutes with Vincent AI's intelligent search and analysis capabilities
-
Elevate your practice by focusing your expertise where it matters most while Vincent handles the heavy lifting
Start Your Free Trial of vLex and Vincent AI, Your Precision-Engineered Legal Assistant
-
Access comprehensive legal content with no limitations across vLex's unparalleled global legal database
-
Build stronger arguments with verified citations and CERT citator that tracks case history and precedential strength
-
Transform your legal research from hours to minutes with Vincent AI's intelligent search and analysis capabilities
-
Elevate your practice by focusing your expertise where it matters most while Vincent handles the heavy lifting
Start Your Free Trial of vLex and Vincent AI, Your Precision-Engineered Legal Assistant
-
Access comprehensive legal content with no limitations across vLex's unparalleled global legal database
-
Build stronger arguments with verified citations and CERT citator that tracks case history and precedential strength
-
Transform your legal research from hours to minutes with Vincent AI's intelligent search and analysis capabilities
-
Elevate your practice by focusing your expertise where it matters most while Vincent handles the heavy lifting
Start Your Free Trial of vLex and Vincent AI, Your Precision-Engineered Legal Assistant
-
Access comprehensive legal content with no limitations across vLex's unparalleled global legal database
-
Build stronger arguments with verified citations and CERT citator that tracks case history and precedential strength
-
Transform your legal research from hours to minutes with Vincent AI's intelligent search and analysis capabilities
-
Elevate your practice by focusing your expertise where it matters most while Vincent handles the heavy lifting