Sentences with phrase «under usury»

You all need to understand too that most of my lending has been done under usury laws, so higher rates and points can be illegal on any residential loan.

I'm looking for feedback from anyone else who has seen cases involving claims of usurious real estate loans, or loans with (claims that) interest rates that exceeded the maximum interest rates under usury.

What I didn't understand about your question is where you say you are a hard money lender but your rates are usually under usury.

The Criminal Code was amended in 2006 to allow payday lenders under provincial regulation rather than under the usury laws of the Criminal Code.

Not exact matches

Yes, lending at an excessive interest is a sinful violation of justice, and could be called usury under its modern definition of undue interest, but this is different than the condemnation of usury as taught by the Church.

Since such sales, halfway between a legitimate sale and forbidden usury, fell within a doubtful and suspect area of business activity, tradition rightly forbids them under the legislation of the Qur» an which recommends that we abstain from any action when in doubt.

The Sicilian industry, debilitated by ages of market speculation, usury and local vendette, late in the last century, staggered under the shock of news of the opening up of an immense deposit of sulphur on the gulf coastal plain of Louisiana.

Most states have usury laws that limit interest charges to less than approximately 35 % however payday lenders fall under exemptions that allow for their high interest.

This all came about because the usury laws in borrowers» states were judged by the Supreme Court to be superseded under the National Bank Act (1864?)

Bowen dismissed one count accusing Oasis of usury under the penal code, agreeing with the defendants that it was a criminal statute and so there was no private right of action under the law.

A number of states, either through the legislature or judiciary, have ruled the practice is usury and therefore regulated under lending laws.

On hard money loans, California trust deeds can be exempt from usury interest limitations under certain conditions.

Often, under section 1916.1 of the civil code, an exemption from usury is claimed for real estate loans made or arranged by a broker.

I was never under the impression that non owner occ deals are exempt from usury??? There are regs that make it less onerous to lend to NOO as opposed to OO but that doesn't have anything to do with exemptions from usury.