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Cake day: July 1st, 2025

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  • The discussion is about fines. I’m not sure why you’re talking about lenders.

    Also, Title 31 (Money and Finance), Subtitle IV (Money), Chapter 51 (Coins and Currency), Subchapter I (Monetary System), Section 5103 (Legal Tender) of the United States Code states:

    United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues. Foreign gold or silver coins are not legal tender for debts.

    So yes, there is a federal statue requiring private lenders accept coins as payment.