Service charges are allowed. They are not regarded as interest.
Cheers, Ken Hanly
----- Original Message -----
From: Michael Perelman <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>
Sent: Monday, September 17, 2001 8:25 PM
Subject: [PEN-L:17309] Re: RE: Re: "We" must try...
> Christianity also opposed interest. Martin Luther railed against userers.
>
> By the way, the discount rate seems to have originated in an effort to
> circumvent the prohibition. I lend you $100, but hand over only $90. You
> repay the loan ($100) and I collect no interest -- although I pocket the
> discount.
> --
> Michael Perelman
> Economics Department
> California State University
> Chico, CA 95929
>
> Tel. 530-898-5321
> E-Mail [EMAIL PROTECTED]
>
