If a loan is made at an interest rate higher than that allowed by state law, the lender is guilty of _______, which is defined as charging interest higher than the law permits.
A) usury
B) unconscionability
C) adhesion
D) speculation

Question

Quizplus · Accepted Answer

Usury is the act of charging a higher interest rate than allowed by state law. It is illegal and considered a form of exploitation.

If a Loan Is Made at an Interest Rate Higher