Usury Act 1660 Usury Act 1660 The Usury Act 1660 is an Act of the Parliament of England (12 Car. II. c. 13) with the long title "An Act for restraining the taking of Excessive Usury". The purpose of the Act was to reduce the interest rate from 8% to 6%. The legislation had been enacted in 1651 under the Commonwealth, but this Act was passed to confer legality on the measure following the Restoration of Charles II after the English Civil War. It was amended by the Usury Act 1840 (3&4 Vict, c.83), the Usury Act 1841 (4&5 Vict, c.54), the Usury
Duration of English Parliaments before 1660 not the conventional way of numbering Parliaments. The No. column contains the number counting forward from the accession of particular monarchs of England before 1660 (or the Commonwealth and Protectorate regimes of the 1650s). The duration column is calculated from the date of the first meeting of the Parliament, to that of dissolution, using a year-month-day format. Parliament grew out of the Curia Regis, which was a body which advised the King on legislative matters. It had come into existence after the Norman Conquest of England in 1066. It replaced the earlier Anglo-Saxon institution of the Witenagemot, which had a