Legal Question in Business Law in California
What is is called when a lender charges an illegal rate of interest on a loan?
Asked on 7/22/09, 11:07 am
1 Answer from Attorneys
Erik Nowacki
Business Law Inc.
It's called usury. Also keep in mind that there are several exceptions to the usury law.
Answered on 7/22/09, 11:13 am
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