Hard money lending, state by state
Licensing, rate limits, federal preemption and deal timing for all 50 states and DC, with the statute behind every figure.
Most state-by-state pages on this topic publish one usury number per state. That number is close to meaningless on its own, because a rate lawful for one lender in a state can be unlawful for another on the same day. What actually decides it is four questions: the purpose of the loan, whether you are borrowing as an entity, what licence the lender holds, and whether the loan is a first lien on residential property.
Every state below sets out those four gates. Where we have verified a state's usury statute against a primary or regulator source, the figures and the citation are on the page. Where we have not, the page says so plainly rather than guessing. 5 states are sourced so far.
Alabama
Not established here - verify · 3 markets
Alaska
Not established here - verify
Arizona
Licence required, all property types · 3 markets
Arkansas
Not established here - verify
California
Licence required, all property types · usury sourced · 12 markets
Colorado
Not established here - verify · 6 markets
Connecticut
Not established here - verify
Delaware
Not established here - verify
District of Columbia
Not established here - verify
Florida
Depends on borrower and collateral · usury sourced · 20 markets
Georgia
Not established here - verify · 4 markets
Hawaii
Not established here - verify
Idaho
Licence required for 1-4 unit residential · 2 markets
Illinois
Not established here - verify · 4 markets
Indiana
Not established here - verify · 2 markets
Iowa
Not established here - verify
Kansas
Not established here - verify · 2 markets
Kentucky
Not established here - verify
Louisiana
Not established here - verify
Maine
Not established here - verify
Maryland
Not established here - verify
Massachusetts
Not established here - verify
Michigan
Not established here - verify · 4 markets
Minnesota
Not established here - verify
Mississippi
Not established here - verify
Missouri
Not established here - verify · 2 markets
Montana
Not established here - verify
Nebraska
Not established here - verify
Nevada
Licence required, all property types · 2 markets
New Hampshire
Not established here - verify
New Jersey
Not established here - verify
New Mexico
Not established here - verify
New York
Not established here - verify · usury sourced · 2 markets
North Carolina
Registration required · 3 markets
North Dakota
Licence required, all property types
Ohio
Not established here - verify · 5 markets
Oklahoma
Not established here - verify · 2 markets
Oregon
Licence required for 1-4 unit residential · 2 markets
Pennsylvania
Not established here - verify
Rhode Island
Not established here - verify
South Carolina
Not established here - verify · 4 markets
South Dakota
Licence required, all property types
Tennessee
Not established here - verify · 3 markets
Texas
Not established here - verify · usury sourced · 12 markets
Utah
Licence required for 1-4 unit residential · 2 markets
Vermont
Licence required, all property types
Virginia
Not established here - verify · 2 markets
Washington
Not established here - verify · usury sourced · 5 markets
West Virginia
Not established here - verify
Wisconsin
Not established here - verify · 2 markets
Wyoming
Not established here - verify