Many states impose no limit on the rate of interest that may be charged on loans to corporations.

Name: Many states impose no limit on the rate of interest that may be charged on loans to corporations.
Brand: Quizplus
Rating: 4.9 (40 reviews)

Question

Quizplus · Accepted Answer

Many states have usury laws that set maximum interest rates for consumer loans, but these laws often exempt loans made to corporations, allowing lenders to charge higher rates on corporate loans without a statutory limit.

Many States Impose No Limit on the Rate of Interest