2005 Fiscal Year Final Research Report Summary

Research of consumer credit protection

Research Project

Project/Area Number	14520058
Research Category	Grant-in-Aid for Scientific Research (C)
Allocation Type	Single-year Grants
Section	一般
Research Field	Civil law
Research Institution	Kobe University
Principal Investigator	YAMADA Seiichi Kobe University, Graduate School of Law, Professor, 法学研究科, 教授 (60134433)
Project Period (FY)	2002 – 2005
Keywords	Consumer Credit Protection / 利息制限法 / 出資法 / 貸金業規制法
Research Abstract	There are double regulations of consumer credit protection in Japan. One is civil regulation, the other is penal protection. Civil regulation has general rule and special rule for a consumer credit company. Under general rule, an annual interest limit rate is 15% for more than 1,000,000yen principal. Under special rule for a consumer credit company, an annual interest limit rate is 29.2%. This is a privilege for a consumer credit company, and this privilege has been criticized. In 2006 Supreme court of Japan judged that this privilege about annual interest limit rate for consumer credit company should be restricted. This judge is appreciated.

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