Usury laws are determined by the state and vary from state to state. The rate that is allowed by state usury laws depends on the size of the loan, the type of individual/entity making the loan, and the type of loan. Usury laws don't apply to all loans but only to certain ones as ...
In addition, not every state has usury laws that restrict business contracts performed within the state. Assessing Usury Rates The line between a usurious interest rate and a merely high interest rate can be difficult to assess with quantified boundaries set by state. For instance,payday lenders—...
It authorizes UK-based finance companies—where usury laws are less restrictive—to lend money across the continent. On the contrary, national controls on anti-usury rates (like in Italy, France, Germany and the Netherlands) would become non-compliant with Community legislation. 展开 ...