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Simple English definitions for legal terms

usury law

Read a random definition: National Labor Relations Act

A quick definition of usury law:

Usury law: A rule that says lenders can't charge too much interest on loans. This is to protect people from being taken advantage of and having to pay back more money than they can afford.

A more thorough explanation:

Definition: A usury law is a legal regulation that prevents lenders from charging excessively high interest rates on loans.

For example, let's say a lender offers a loan with an interest rate of 50%. This would be considered usury and would be illegal under usury laws. In contrast, if the lender offers a loan with an interest rate of 10%, this would be considered legal under usury laws.

Usury laws are in place to protect borrowers from being taken advantage of by lenders who charge exorbitant interest rates. These laws vary by state and country, but they generally set a maximum interest rate that lenders can charge.

usurpation | usus

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

soap

14:01

I've been told by my parents that I cannot reapply because I have the full ride to UMN and so I better take whatever I can get lol

texaslawhopefully

14:01

I’m going to have to disagree with soap on the point of doing the hardest questions first. I think it’s just a general waste of time to over complicate your strategy. You’re going to have do all the questions anyone. Ignore the clock and focus on one question at a time.

KnowledgeableRitzyWasp

14:01

@VolatileClumsyAcolyte: it gets harder to increase your score as you go up, but if you work hard and consistently work on your mistakes it’s entirely possible you break 170

VolatileClumsyAcolyte

14:01

got it thank u guys

KnowledgeableRitzyWasp

14:01

@soap: lol oh well just get top 10% a umn and then transfer to harvard because you come from a grade deflated undergrad and law school will be easy for you

soap

14:02

I think the order in which you do questions is a matter of personal preference. In PTs I've always scored better doing the hardest ones first, but that's just because it reduces the stress personally lol

soap

14:02

I guess since I'm paying for all this anyhow I could just wait and reapply lmao

texaslawhopefully

14:03

Yeah soap if you get a 175+, I would 100 percent reapply

KnowledgeableRitzyWasp

14:03

hahahahah sure if you’re set on t14 it’s entirely attainable for you

texaslawhopefully

14:03

If your parents aren’t helping at all, they don’t have much of a say

llama

14:08

^valid pt

VolatileClumsyAcolyte

14:21

my mom is so involved in my application proccess she wanted to cater my personal statement to what she believed would make most impact on adcom.

VolatileClumsyAcolyte

14:21

she is helping pay for it but even if so, they shouldnt be too involved

VolatileClumsyAcolyte

14:22

shes a war veteran so she wanted me to spend significant portion of my ps talking about how much her journey affected and inspired me so i ignored her to the fullest by simply saying "ps is about me not you"

VolatileClumsyAcolyte

14:24

speaking of test prep, any 7sage alternatives that include explanations without "youre dumb if u dont get this"

i-need-top

14:25

twitter is making me so mad i may have to get rid of it

texaslawhopefully

14:25

I’m going to get dogged on for saying this, but LSAT Demon has fairly good explanations

i-need-top

14:25

i had demon for a month and they have flushed out written explanations that helpo

i-need-top

14:26

7sage explanations are so sucky i gotta watch a vid of a dude eliminiating an answer choice with 2 seconds of explainaing why

VolatileClumsyAcolyte

14:29

dude, i feel like 7sage guy speedruns thru the whole test.

i-need-top

14:30

the vids are 80% him reading the stimulus out loud then he devotes 4 seconds to each answer choice i swear

i-need-top

14:31

i shake my fist to the sky]

VolatileClumsyAcolyte

14:31

LOL thats so true...they were good for LG but now i dont see the point... applied to GULC mid oct, havent received II or anything, so i HAVE to be cooked, right?

windyMagician

14:35

my parents didn’t know i was applying to law school until i got in. it’s great being old

windyMagician

14:35

my dad barely knows the difference between mich and umn

VolatileClumsyAcolyte

14:36

yeah, my parent thinks cardozo is better than fordham because someone she knows got in fordham LLM and that person is plain stupid so fordham HAS to be bad

KnowledgeableRitzyWasp

14:40

lmao fordham is a great school she’s a silly billy, if you wrote your ps about your veteran mom adcoms would throw it out lol. our parents try their best :)

VolatileClumsyAcolyte

14:40

yeah, she's an immigrant from post soviet country, born and raised there - i understand where she is coming from, american culture is way different.

KnowledgeableRitzyWasp

14:41

yeah yeah exactly. +1 for lsat demon a lot of people who don’t like 7sage end up liking demon

VolatileClumsyAcolyte

14:46

does lsat demon accept lsac fee waiver

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