Usury means loaning money at an exorbitant or illegally high interest rate. States set their own maximum interest rates. Florida declares interest higher than 18 percent per year for loans up to $500,000 and higher than 25 percent for loans over
Usury means interest that exceeds the applicable maximum amount allowed by law.
Usury or "usurious interest" means interest that exceeds the applicable maximum amount allowed by law.
Examples of Usury in a sentence
Each State’s Usury Rate varies therefore it’s important to know the rate before charging the borrower an interest rate.
In this example, our loan originates in the State of New York, which has a maximum Usury Rate of 16% which we will use.
Step 3 – Interest The interest charged on a loan is regulated by the State in which it originates and it’s governed by the State’s Usury Rate Laws.
Usury, or any consumer credit protection or truth-in-lending law.
Usury and any other form of exploitation of man by man shall be prohibited by law.
More Definitions of Usury
Usury means the charging of interest by a lender in an amount which is greater than that allowed by this subtitle.
Usury. The fees and interest charged by Bank in connection with the Loans do not violate any usury or other similar laws of the State of South Carolina or the laws of the United States;
Usury means an offence of being involved in administering any illegal money lending activity on employer’s business or premises; “wasteful use or misuse of company property” means carelessly using company property or using company property for purposes other than for which it was intended; “wilful disobedience to a lawful order/instruction” means a deliberate refusal to obey a lawful instruction or order or and intentional defiance of an order given by the superior; “wilful and unlawful loss/damage of the company’s property” means an act whereby an employee deliberately or wilfully loses or damages employer or company’s property Sixth Schedule OFFENCES AND PENALTIES Penalties The time periods for validity of offences are as follows— Verbal warning—one month First written warning—three months Final written warning—twelve months These offences are classified under one of the following eight categories—
Usury means the acceptance of a premium for a pure loan of money or goods. The Natural Law, as well as Sacred Scripture, forbids usury. In the Ser- mon on the Mount, our Lord tells us to loan or give our goods away without looking for a profit. But let's analyze what exactly constitutes usury.
Usury. The Loan and the Interest Rate and the Contingent Returns do not violate laws applicable to civil or criminal usury.
Usury means an offence of being involved in administering any illegal money lending activity on employer’s business or premises;
Usury. It is the intention of Grantor, Maker and Grantee to conform strictly to the usury laws in force in the State of Texas. Therefore: (a) in the event that Indebtedness is prepaid or the maturity of the Indebtedness and Obligations is accelerated by reason of an election by Grantee, unearned interest shall be canceled and, if theretofore paid, shall either be refunded to Maker or credited on the Indebtedness, as Grantee may elect; (b) the aggregate of all interest and other charges constituting interest under applicable laws and contracted for, chargeable or receivable under the Note, the Indebtedness (if unpaid), the other Security Instruments or otherwise in connection with the loan transaction contemplated thereby shall never exceed the maximum amount of interest, nor produce a rate in excess of the maximum contract rate of interest that Grantee is authorized to charge Maker under applicable law and (c) if any excess interest is provided for, it shall be deemed a mistake, and the same shall, at the option of the Grantee, either be refunded to the Maker or credited on the unpaid principal amount (if any), and the Indebtedness shall be automatically reformed so as to permit only the collection of the maximum legal contract rate and the amount of interest.