# D.C. Code § 28-3315: Exemption of institutions of higher learning from usury law

> District of Columbia · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C33_S28-3315

## Section

- **Citation:** D.C. Code § 28-3315
- **Heading:** Exemption of institutions of higher learning from usury law
- **Jurisdiction:** District of Columbia
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** DC Code / Title 28 / Chapter 33 / § 28-3315

## Text

Any institution of higher education located in the District of Columbia and described in the first sentence of section 101(a) of the Higher Education Amendments, approved October 7, 1998 (112 Stat. 1385; 20 U.S.C. § 1001(a) ) (other than District of Columbia Teachers’ College, Federal City College, Gallaudet College, and Howard University) may borrow money at such rates of interest as the institution may determine, without regard to the restrictions of any usury law applicable in the District of Columbia, and shall not plead any statutes against usury in any action.

## Nearby sections

- [D.C. Code § 28-3301 § 28-3301. Rate of interest expressed in contract.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C33_S28-3301.md)
- [D.C. Code § 28-3302 § 28-3302. Rate of interest not expressed and on judgments.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C33_S28-3302.md)
- [D.C. Code § 28-3303 § 28-3303. Usury defined.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C33_S28-3303.md)
- [D.C. Code § 28-3304 § 28-3304. Action to recover usury paid.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C33_S28-3304.md)
- [D.C. Code § 28-3305 § 28-3305. Unlawful interest credited on principal debt.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C33_S28-3305.md)
- [D.C. Code § 28-3306 § 28-3306. Parties compelled to testify.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C33_S28-3306.md)
- [D.C. Code § 28-3307 § 28-3307. Council of the District of Columbia authorized to exempt certain mortgages and loans.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C33_S28-3307.md)
- [D.C. Code § 28-3308 § 28-3308. Finance charge on direct installment loans.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C33_S28-3308.md)
- [D.C. Code § 28-3309 § 28-3309. Council of the District of Columbia authorized to exempt certain loans, and to change rates of interest.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C33_S28-3309.md)
- [D.C. Code § 28-3310 § 28-3310. Consumer protections.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C33_S28-3310.md)
- [D.C. Code § 28-3311 § 28-3311. Definition of interest.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C33_S28-3311.md)
- [D.C. Code § 28-3312 § 28-3312. Unlawful practices.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C33_S28-3312.md)
- [D.C. Code § 28-3313 § 28-3313. Penalties.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C33_S28-3313.md)
- [D.C. Code § 28-3314 § 28-3314. Right of action.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C33_S28-3314.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C33_S28-3315. Check the current official text before relying on it. Not legal advice.