Minn. Stat. » CHAPTER 334. MONEY, RATES OF INTEREST
Minnesota Statutes

Minn. Stat. § 334.05 (2026)

Usurious Contracts; Cancellation

✓ text as last checked July 2026 (this copy records no edition or section history)
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When it satisfactorily appears to a court that any bond, bill, note, assurance, pledge, conveyance, contract, security, or evidence of debt is void under the provisions of this chapter it shall declare the same to be void, enjoin any proceeding thereon, and order it to be canceled and given up.

Notes of Decisions
Cited in 3 cases, 1944–2015 · leading case: Amos Graves v. Michael Wayman, First Minnesota Bank, 859 N.W.2d 791 (Minn. 2015).
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Amos Graves v. Michael Wayman, First Minnesota Bank, 859 N.W.2d 791 (Minn. 2015). · cites it 3× “§ 334.05 (2014), which governs usurious contracts, and MHOEPA.”
Farrell v. Wurm (In Re Donnay), 184 B.R. 767 (Bankr. D. Minn. 1995). · cites it 2× “011(2) return of double the amount of interest Debtor paid to the Wurms in the amount of $153,414.84 (($72,638.93 + $4,068.”
Seebold v. Eustermann, 13 N.W.2d 739 (Minn. 1944). “§ 334.05 (§ 7040), the borrower is given the remedy of having “any * * * contract, security, or evidence of debt * * * taken or received in violation” thereof declared “to be void” and “any proceeding thereon” enjoined.”
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