Theodore Roosevelt Agency, Inc. v. General Motors Acceptance Corp.

In Colo. Sess. Laws 1913, ch. 108, appears “AN ACT To Regulate The Business Of Loaning Money On Security Of Any Kind * * *.” The pertinent part of this statute reads:

“Section 1. That hereafter it shall be unlawful, without first procuring the license hereinafter provided for, to engage in the business of making loans of money or of personal credit, on any security of any kind, direct or collateral, tangible or intangible, upon which there is directly or indirectly charged or received interest, discount or consideration greater than twelve per centum per annum.”

With no appreciable changes, as…