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

Question

Quizplus · Accepted Answer

This statement is true. While there are some states that have usury laws in place, which limit the interest rate that can be charged on loans to individuals, there are often no such restrictions on loans to corporations. This means that the interest rate on a loan to a corporation can be negotiated and agreed upon between the lender and the borrower, with no legal limitations.

Many States Impose No Limit on the Rate of Interest