{"schemaVersion":1,"recordType":"legal-article","id":"law:eri:code:penal:2015:article:367","workId":"law:eri:code:penal:2015","expressionId":"law:eri:code:penal:2015:en","title":"Usury","number":"367","language":"en","canonicalUrl":"https://eriatlas.com/law/penal-code-2015/article/367/","hierarchy":{"part":"PART II — THE SPECIAL PART","book":"BOOK IV — OFFENCES AGAINST PROPERTY","title":null,"chapter":"Chapter 2. — Offences Involving Fraud, Fraudulent Transactions and Blackmail"},"paragraphs":[{"id":"p1","number":"1","text":"A person who by exploiting another person's reduced circumstances or dependency, material difficulties, or carelessness, inexperience, weak character or mind:","canonicalUrl":"https://eriatlas.com/law/penal-code-2015/article/367/#p1","sourceTargets":[{"sourceId":"penal-code-2015-en","pdfPage":260,"url":"https://eriatlas.com/sources/penal-code-2015/page/260/?article=367&paragraph=p1#article-367-p1"},{"sourceId":"penal-code-2015-en","pdfPage":261,"url":"https://eriatlas.com/sources/penal-code-2015/page/261/?article=367&paragraph=p1#article-367-p1"}]},{"id":"p1a","number":"a","parentId":"p1","text":"lends the other person money at a higher interest rate than that set by financial institutions; or","canonicalUrl":"https://eriatlas.com/law/penal-code-2015/article/367/#p1a","sourceTargets":[{"sourceId":"penal-code-2015-en","pdfPage":261,"url":"https://eriatlas.com/sources/penal-code-2015/page/261/?article=367&paragraph=p1a#article-367-p1a"}]},{"id":"p1b","number":"b","parentId":"p1","text":"obtains a promise or assignment of benefits in property in exchange for pecuniary or other consideration, which is in evident disproportion,","canonicalUrl":"https://eriatlas.com/law/penal-code-2015/article/367/#p1b","sourceTargets":[{"sourceId":"penal-code-2015-en","pdfPage":261,"url":"https://eriatlas.com/sources/penal-code-2015/page/261/?article=367&paragraph=p1b#article-367-p1b"}]},{"id":"p1-tail","number":"","parentId":"p1","text":"is guilty of usury, punishable in the following order of graduation:","canonicalUrl":"https://eriatlas.com/law/penal-code-2015/article/367/#p1-tail","sourceTargets":[{"sourceId":"penal-code-2015-en","pdfPage":261,"url":"https://eriatlas.com/sources/penal-code-2015/page/261/?article=367&paragraph=p1-tail#article-367-p1-tail"}]},{"id":"p1i","number":"i","parentId":"p1","text":"an offence under this Article for an amount not exceeding 100 Nakfas, or any other benefit calculated to be equivalent to that amount, shall be punished as a Class 2 petty serious offence, punishable with a definite term of imprisonment of not less than 1 month and not more than 6 months, or a fine of 5,001 – 20,000 Nakfas, to be set in intervals of 1,000 Nakfas;","canonicalUrl":"https://eriatlas.com/law/penal-code-2015/article/367/#p1i","sourceTargets":[{"sourceId":"penal-code-2015-en","pdfPage":261,"url":"https://eriatlas.com/sources/penal-code-2015/page/261/?article=367&paragraph=p1i#article-367-p1i"}]},{"id":"p1ii","number":"ii","parentId":"p1","text":"an offence under this Article for an amount between 101 and 2,000 Nakfas, or any other benefit calculated to be equivalent to that amount, shall be punished Class 1 petty serious offence, punishable with a definite term of imprisonment of not less than 6 months and not more than 12 months, or a fine of 20,001 – 50,000 Nakfas, to be set in intervals of 2,500 Nakfas;","canonicalUrl":"https://eriatlas.com/law/penal-code-2015/article/367/#p1ii","sourceTargets":[{"sourceId":"penal-code-2015-en","pdfPage":261,"url":"https://eriatlas.com/sources/penal-code-2015/page/261/?article=367&paragraph=p1ii#article-367-p1ii"}]},{"id":"p1iii","number":"iii","parentId":"p1","text":"an offence under this Article for an amount between 2,001 and 10,000 Nakfas, or any other benefit calculated to be equivalent to that amount, shall be punished as a Class 9 serious offence, punishable with a definite term of imprisonment of not less than 1 year and not more than 3 years;","canonicalUrl":"https://eriatlas.com/law/penal-code-2015/article/367/#p1iii","sourceTargets":[{"sourceId":"penal-code-2015-en","pdfPage":261,"url":"https://eriatlas.com/sources/penal-code-2015/page/261/?article=367&paragraph=p1iii#article-367-p1iii"}]},{"id":"p1iv","number":"iv","parentId":"p1","text":"an offence under this Article for an amount between 10,001 and 100,000 Nakfas, or any other benefit calculated to be equivalent to that amount, shall be punished as a Class 8 serious offence, punishable with a definite term of imprisonment of not less than 3 years and not more than 5 years;","canonicalUrl":"https://eriatlas.com/law/penal-code-2015/article/367/#p1iv","sourceTargets":[{"sourceId":"penal-code-2015-en","pdfPage":262,"url":"https://eriatlas.com/sources/penal-code-2015/page/262/?article=367&paragraph=p1iv#article-367-p1iv"}]},{"id":"p1v","number":"v","parentId":"p1","text":"an offence under this Article for an amount between 100,001 and 1,000,000 Nakfas, or any other benefit calculated to be equivalent to that amount, shall be punished as a Class 7 serious offence, punishable with a definite term of imprisonment of not less than 5 years and not more than 7 years;","canonicalUrl":"https://eriatlas.com/law/penal-code-2015/article/367/#p1v","sourceTargets":[{"sourceId":"penal-code-2015-en","pdfPage":262,"url":"https://eriatlas.com/sources/penal-code-2015/page/262/?article=367&paragraph=p1v#article-367-p1v"}]},{"id":"p1vi","number":"vi","parentId":"p1","text":"an offence under this Article for an amount between 1,000,001 and 5,000,000 Nakfas, or any other benefit calculated to be equivalent to that amount, shall be punished as a Class 6 serious offence, punishable with a definite term of imprisonment of not less than 7 years and not more than 10 years;","canonicalUrl":"https://eriatlas.com/law/penal-code-2015/article/367/#p1vi","sourceTargets":[{"sourceId":"penal-code-2015-en","pdfPage":262,"url":"https://eriatlas.com/sources/penal-code-2015/page/262/?article=367&paragraph=p1vi#article-367-p1vi"}]},{"id":"p1vii","number":"vii","parentId":"p1","text":"an offence under this Article for an amount exceeding 5,000,000 Nakfas, or any other benefit calculated to be equivalent to that amount, shall be punished as a Class 5 serious offence, punishable with a definite term of imprisonment of not less than 10 years and not more than 13 years.","canonicalUrl":"https://eriatlas.com/law/penal-code-2015/article/367/#p1vii","sourceTargets":[{"sourceId":"penal-code-2015-en","pdfPage":262,"url":"https://eriatlas.com/sources/penal-code-2015/page/262/?article=367&paragraph=p1vii#article-367-p1vii"}]},{"id":"p2","number":"2","text":"A person who with a similar intent acquires a usurious claim and sets it up against or assigns it to another is guilty of usury, punishable as provided in sub-Article (1).","canonicalUrl":"https://eriatlas.com/law/penal-code-2015/article/367/#p2","sourceTargets":[{"sourceId":"penal-code-2015-en","pdfPage":262,"url":"https://eriatlas.com/sources/penal-code-2015/page/262/?article=367&paragraph=p2#article-367-p2"}]}],"caution":"English-language 2015 Ministry of Justice edition. Refworld catalogues this English expression as an unofficial translation; Eri Atlas has not independently verified the translation."}