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United States usuryfederal banking lawinterest rate exportation

Marquette National Bank of Minneapolis v First of Omaha Service Corp

439 US 299 (1978)
JurisdictionUnited States
CourtSupreme Court of the United States
Year1978
StatusBinding authority

Key Principle

Under the National Bank Act, a national bank may charge interest at the rate allowed by the state where it is located, regardless of the usury laws of the state where the borrower resides.

Area of Law

banking

Related Cases

Bank of America Corp v City of Miami 581 U.S. 189 (2017)
Henson v Santander Consumer USA Inc 582 U.S. 79 (2017)
Jesinoski v Countrywide Home Loans Inc 574 U.S. 259 (2015)

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