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Edward VI - An Act Against Usury

10/28/2015

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     "For as much as usury is by the word of God utterly prohibited as a vice most odious and detestable as in divers places in Holy Scriptures it is evident to be seen which thing is by no godly teaching, and persuasions can sink into the hearts of divers greedy, uncharitable and covetous persons of this realm, nor yet by any terrible threatenings of God's wrath and vengeance that justly hang over this realm for the great and open usury therein daily used and practiced, they will forsake such filthy gain and lucre, unless some temporary punishment be provided and ordained in that behalf.  For reformation whereof be it enacted by the authority of this present parliament, that from the first day of May, which shall be in the year of our Lord 1552, the said act and statute concerning only usury, lucre, or gain of or for the loan, forbearing, or giving days of any sum or sums of money, be utterly abrogated, void and repealed.  And furthermore be it enacted by the authority aforesaid, that from and after the first day of May next coming, no person or persons of what estate, degree, quality or condition, soever he or they be by any corrupt, colorable or deceitful conveyance, slight or engine, or by any way or mean shall lend, give, set out, deliver, or forbear any sum or sums of money to any person or persons, or to any corporation or body politic to or for any manner of usury increase, lure gain, or interest to be had or hoped for over and above the sums so lent, given, set out, delivered or forborne, upon pain of forfeiture of the value, and well of the sum or sums so lent, given, set out, delivered or forborne, as also of the usury, increase, lucre, gain or interest thereof.  And also upon pain of imprisonment of the body or bodies of every such offender or offenders, and also to make fine or ransom at the King's will and pleasure."
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