§478-6  Usury; penalty.  Any person who
directly or indirectly receives any interest or finance charge at a rate
greater than that permitted by law or who, by any method or device whatsoever,
receives or arranges for the receipt of interest or finance charge at a greater
rate than that permitted by law on any credit transaction shall be guilty of
usury and shall be fined not more than $250, or imprisoned not more than one
year, or both. [L 1905, c 38, §1; RL 1925, §3589; am L 1933, c 72, §1; RL 1935,
§7055; am L 1937, c 222, §1; RL 1945, §8736; RL 1955, §191-6; HRS §478-6; gen
ch 1985; am L 1986, c 137, pt of §1]



 



Law Journals and Reviews



 



  The Corporate Usury Exemption Statute in Hawaii:  An
Invitation to Litigation.  9 HBJ 5.



  Administering Justice or Just Administration: The Hawaii
Supreme Court and the Intermediate Court of Appeals.  14 UH L. Rev. 271.



 



Case Notes



 



  This section considered with §§1-6 and 478-4 in determining
whether usurious contract void as to interest.  49 H. 160, 185, 413 P.2d 221,
reh'g den. 49 H. 255, 413 P.2d 221.



  Elements of usury.  62 H. 583, 618 P.2d 276.



  Attorney has a duty when drawing a promissory note to see
that it is not usurious and the attorney can be held liable for damages if the
attorney does not.  1 H. App. 331, 618 P.2d 1157.



  Cited:  36 H. 107, 109; 37 H. 295, 298.