Some states require the lender to forfeit two or three times the amount of usurious interest charged.

Name: Some states require the lender to forfeit two or three times the amount of usurious interest charged.
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Question

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Some states have laws that penalize lenders for charging usurious interest rates by requiring them to forfeit a multiple of the usurious interest charged, often two or three times the amount, as a way to deter predatory lending practices.

Some States Require the Lender to Forfeit Two or Three