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.

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Answered on 7/22/09, 11:13 am


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