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275647 Posts in 27717 Topics by 4285 Members Latest Member: - Jason DAngelo Most online today: 79 - most online ever: 565 (October 17, 2020, 02:08:06 PM)
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Author Topic: Bankers Rejoice!  (Read 2084 times)
« on: June 28, 2005, 10:13:31 AM »

I was on here to bug Vincent with some more LDS questions but I went to lds.org and answered them meself. Mormons can charge usurious interest rates:

lds.org wrote:

Usury sometimes has more than one meaning. In biblical English it often means simply charging interest on a loan. At other times it implies an unduly high rate of interest. Under the law of Moses, Israel was forbidden to charge usury, as in Ex. 22: 25; Lev. 25: 35-38; Deut. 23: 19-21; Neh. 5: 1-13); Ezek. 18: 8; Ezek. 22: 12. The restriction, however, seems to be when lending to a fellow church member. There is no clear restriction against charges for loans to others. Jesus gives some credence to interest charges in Matt. 25: 14-30; Luke 19: 12-27. Latter-day revelation does not contain restrictions against interest charges.

I was going to have a character be doing this regardless, but it's nice to know he's within the boundaries of his Faith.
Sydney Freedberg

Posts: 1293

« Reply #1 on: June 29, 2005, 12:33:02 PM »

Quote from: Sean
....but it's nice to know he's within the boundaries of his Faith.

Unless and until the Dogs decide that all loans at interest are wrong, or this particular guy's interest rates are too high, or any number of other things. And imagine the Fallout! "I owe this guy a little money 6d4."

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