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Usury laws are laws that limit necssive on interest rates
John A. Bolles has written: '\\' -- subject(s): Accessible book, Dorr Rebellion, 1842, Politics and government 'A treatise on usury and usury laws' -- subject(s): Usury, Usury laws
Allison Thompson Folsom has written: 'A summary of usury laws and decisions / by A. T. Folsom' -- subject(s): Usury, Usury laws
Mark Ord has written: 'An essay on the law of usury' -- subject(s): Usury laws
Usury laws lead to capping the interest rates that are charged by financial institutions. These law are aimed at regulating the high interests charged on credit facilities.
Usury laws are designed to protect consumers from excessive interest rates on loans and other types of credit. Whether your contract allows for payments over time or simply includes a late fee for overdue payments, usury laws determine the maximum amount of interest you can charge.
Joseph Bridges Matthews has written: 'The law of money-lending, past and present' -- subject(s): Usury, Usury laws
A hedge fund is legal because there are no laws in the U.S. that state hedge funds are not. There are certain hedge funds that may be frowned upon however as long as you register etc. the fund, it is completely legal. Hedge funding is legal because its a form of lending although the payback may be high at times. As long as a company break usury laws etc. it is legal.
This depends upon the jurisdiction. In most jurisdictions, banking law will not touch factoring companies if they are not in the business of taking deposits from the public or business firms. Interest rate caps and/or usury laws will apply if such exist in the jurisdiction. Other general corporate rules will apply. For most financial services, very little licensing is required - up until you TAKE MONEY FROM DEPOSITORS. Once you begin to take deposits or any funds resembling deposits (such as remittances) in some jurisdictions - then banking and licensing laws may apply. If you decide to do factoring using your own funds, as long as you do not violate usury laws, in most places you are left on your own for the most part.
This depends upon the jurisdiction. In most jurisdictions, banking law will not touch factoring companies if they are not in the business of taking deposits from the public or business firms. Interest rate caps and/or usury laws will apply if such exist in the jurisdiction. Other general corporate rules will apply. For most financial services, very little licensing is required - up until you TAKE MONEY FROM DEPOSITORS. Once you begin to take deposits or any funds resembling deposits (such as remittances) in some jurisdictions - then banking and licensing laws may apply. If you decide to do factoring using your own funds, as long as you do not violate usury laws, in most places you are left on your own for the most part.
Kevin W. Brown has written: 'Usury and consumer credit regulation' -- subject(s): Consumer credit, Law and legislation, States, Usury laws
Every State has Usury laws - meaning limits on interest rates charged