12 U.S.C. § 86 : US Code - Section 86: Usurious interest; penalty for taking; limitations

Search 12 U.S.C. § 86 : US Code - Section 86: Usurious interest; penalty for taking; limitations

The taking, receiving, reserving, or charging a rate of interest
greater than is allowed by section 85 of this title, when knowingly
done, shall be deemed a forfeiture of the entire interest which the
note, bill, or other evidence of debt carries with it, or which has
been agreed to be paid thereon. In case the greater rate of
interest has been paid, the person by whom it has been paid, or his
legal representatives, may recover back, in an action in the nature
of an action of debt, twice the amount of the interest thus paid
from the association taking or receiving the same: Provided, That
such action is commenced within two years from the time the
usurious transaction occurred.