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LSDefine

Simple English definitions for legal terms

usury

Read a random definition: Small Business Administration

A quick definition of usury:

Usury is when someone lends money to another person and charges them too much interest. This means they are making the borrower pay back more money than they borrowed. It is against the law to charge too much interest on a loan. Usury is when someone breaks this law and charges too much interest. There are three things that make a loan usurious: (1) lending money, (2) agreeing to get the money back, and (3) charging more interest than the law allows. Each state has its own rules about how much interest can be charged on a loan.

A more thorough explanation:

Usury is when a lender charges a borrower an interest rate that is higher than what is allowed by law. It is also the act of making a loan at such a high interest rate. Usury is illegal and is usually defined by state laws.

There are three essential elements of usury:

  1. A loan or forbearance of money
  2. An agreement for a return of the money in all events
  3. An agreement to pay more than the legal rate of interest for its use

For example, if someone borrows $100 and agrees to pay back $150 in one month, that would be considered usury if the legal interest rate is only 10%. The lender is charging an interest rate of 50%, which is much higher than what is allowed by law.

Another example would be if a payday lender charges a borrower an interest rate of 400% on a short-term loan. This would also be considered usury because it is much higher than the legal interest rate.

These examples illustrate how usury is when a lender charges a borrower an interest rate that is much higher than what is allowed by law. It is important for borrowers to be aware of the legal interest rates in their state and to avoid lenders who charge usurious rates.

usurious | Utah

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18:13
jk that is nice
babycat
18:14
@EvolBunny: I love fluoride 😍😍😍
18:14
omg me too
BulbasaurNoLikeCardio
18:15
@EvolBunny: I am fine with them making their cut and all that but I bought it with an adjustable gas block, new LVPO and foregrip so I just have a bunch of parts and ammo with no way to shoot it
@BulbasaurNoLikeCardio: i mean getting paid for their incompetence is based
18:15
they think you are going to attack dj trump
BulbasaurNoLikeCardio
18:18
@BulbasaurNoLikeCardio: they blaimed it on their IT team for not updating it as out of stock when I paid but like buying something in stock in September then being told I won't get it until mid January is pretty wild. I do not hunt anymore but their mistake would of caused me to miss the entire season. If it wasn't so hard to get left handed ARs I would of gone elsewhere
oh that's kind of worth more than $140
that's at least $300
18:19
@BulbasaurNoLikeCardio: what you gonna do when january hits and they are like "it still isnt here come back in april"
BulbasaurNoLikeCardio
18:20
Its a $600 part, they already covering shipping and paying the tax so $140 is an additional 25% off.
BulbasaurNoLikeCardio
18:20
If it doesn't come January I am going to just say fuck it and toss everything on the right handed upper and just eat gas.
18:21
You should have said to refund you or give 300 off
18:21
wasp is wasp
18:21
knows how be rich and demand shit lmfao
i am atheist not protestant
18:22
same thing tho ya? - catholic
BulbasaurNoLikeCardio
18:23
Ill just keep arguing for more money off until I get it or they end up paying me to take it lmao
18:24
what other guns ya got
are we losing hope for gtown lol
yeah i dont think gtown does A's this late unfortunately
18:25
it is like 630 on a friday there bud
18:25
think it is safe to say it aint happenin today\
damn it was a slow day today
BulbasaurNoLikeCardio
18:26
I got a custom built Leftie ar15 I run suppressed, a regular ar15, a .270 axis savage bolt gun, xd9, xd40 and have my AR10 I run suppressed.
BulbasaurNoLikeCardio
18:26
I do not think we will see a wave until after thanksgiving. Adcoms will be nice and not ruin someones thanksgiving with an R
18:28
ruin my thanksgiving law schools uwu
PerpetualCheerfulBeaver
18:53
I really thought a texas schools wave was going to hit today...guess it will be December 1
7Rings
19:00
No news is good news 😜
PerpetualCheerfulBeaver
19:10
the mentality im embracing
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