Sentences with phrase «usury cases»

Not exact matches

You can increase competition with anti-trust enforcement, and regulate natural monopolies and both (in the case of the newly merged Time Warner Cable), create greater transparency of prices, use government purchasing power, restore previous price controls (and please a federal usury law at no more than 15 %, to prevent debt bubbles of higher inflation).

The Case for Banning Payday Lending: Snapshots from Four Key States (June 2013) This report outlines the battles against the payday lending industry in states with strong usury cap protections, such as New York and North Carolina, and in states like California and Illinois with weaker laws that allow payday lenders to charge triple - digit APR loans that trap people in a cycle of debt.

Yet one issue comes up again and again, the case of usury, that teaching of the Church (for at least 1500 years) which condemned the taking of interest on loans as a sin.

Critics of such agreements say the funders can charge interest rates that exceed state usury laws while grabbing control of the litigation from the parties actually involved in the case.

Joffrey: I read a lot of CA real estate case law (for fun and relaxation) and I'm sure I must have come across cases including the use of brokers and usury claims, but no particular case comes to mind.

This is a very specific area, so references to cases specifically involving claims of usury would be most helpful.

If the usury limit is 10 % and 9 % is the note rate, but 4 points are charged, the points are deducted from the loan amount advanced and that amount is computed over the term with the original payment required to be paid and the effective interest rate is then computed, the annual percentage rate, which will be higher than the note rate in this case.

So in those cases, one of the Usury Expert Witness candidates are called in to testify - and hopefully assist the triers of fact in resolving the matter.

Of particular interest to me are cases where a lender or broker claimed a specific exemption from usury limitations, or cases where testimony from a «usury expert witness» or other type of mortgage lending expert witness was considered.

Joffrey's real question and case law interest seems to be about situations where usury would apply because the loan and origination wasn't totally or accurately «brokered», so would not be exempt.

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.