Usury statutes set the amount of time after a breach of contract within which an action must be commenced.

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Usury statutes regulate the amount of interest that can be charged on a loan, and do not typically address the time within which a breach of contract action must be commenced. This is usually governed by general contract law and specific statutes of limitations. Usury statutes regulate the maximum amount of interest that can be charged on a loan, they do not set the amount of time for commencing an action after a breach of contract. This is determined by the statute of limitations.

Usury Statutes Set the Amount of Time After a Breach