190.42 - Criminal usury in the first degree.

§ 190.42 Criminal usury in the first degree.    A  person  is  guilty  of criminal usury in the first degree when, not  being authorized or permitted by law to do  so,  he  knowingly  charges,  takes or receives any money or other property as interest on the loan or  forbearance  of  any  money  or  other  property,  at  a  rate exceeding  twenty-five per centum per annum or the equivalent rate for a longer  or  shorter period and either the actor had previously been convicted of the  crime  of  criminal usury or of the attempt to commit such crime, or the  actor's conduct was part of a scheme or business of making or collecting  usurious loans.    Criminal usury in the first degree is a class C felony.