Quick answer: Usury laws are interest rate laws designed to prevent lenders from charging exorbitantly high rates on loans. These rules often vary by state. Depending on where you live, you could get a small loan with an annual percentage rate of 36%, 300% or 600%. Why the staggering di...
Usury in Pennsylvania: Revision of Maximum Interest Rate and Finance Charge LawsGo with me to a notary, seal me there Your single bond. And, in a merry sport, If you repay me not on such a day, In such a place, such sum or sums as are Expressed in the condition, let the forfeit...