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Simple English definitions for legal terms

usury law

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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 👎

texaslawhopefully

19:41

I know he’s trying to get rid of civil service protections but I doubt that would work

texaslawhopefully

19:42

I feel like if you already have a job you’d be fine, but maybe just put up with more crapb

texaslawhopefully

19:42

I feel like if you already have a job you’d be fine, but maybe just put up with more crap

windyMagician

19:53

as someone who works in politics i cannot stand most people my age who are "into politics"

JohnLennon

19:54

what the fuck does that mean

JD-stands-for-Just-Dance

19:55

fr

windyMagician

19:55

most of gen z is extremely ill informed and just repeats the same drivel that's fed to them on Reddit/TikTok/parler/whatever app they use. it drives me insane

KnowledgeableRitzyWasp

19:56

i let destiny download all of my political opinions directly to my head

KnowledgeableRitzyWasp

19:56

i havent had an original thought in 4 years

JohnLennon

19:57

damn right you havent

lilypadfrog

19:58

:(

Dkk

19:58

@windyMagician: I agree with that. I used to think politics was for people who just wanted attention and were willing to say anything to fit in with a social group. I had a community college professor who changed my mind on that.

texaslawhopefully

19:59

This is where I think there’s value to political philosophy, but also to finding good news sources

Dkk

19:59

Yeah and that all loops around into the kind of person you become and values and etc. etc

JohnLennon

20:00

@Dkk: ok boomer

windyMagician

20:03

I'm gonna say it: destiny is hot

lilypadfrog

20:04

no

JohnLennon

20:05

@windyMagician: u dont know what youre talking about

lilypadfrog

20:05

what’s next. mr. beast is hot? let’s get serious here

JohnLennon

20:05

get real

lilypadfrog

20:05

get a grip buddy

windyMagician

20:05

its okay if you hate me, they hated jesus

Dkk

20:06

Asmongold, super hot especially after a 72 hour no shower session.

lilypadfrog

20:06

I don’t even know who that is

lilypadfrog

20:06

Dk is a new kind of pervert

Dkk

20:06

I just found out about that guy a week ago but he is actually a big streamer. Sam Hyde told me about him.

lilypadfrog

20:07

your good personal friend Sam Hyde

windyMagician

20:07

YouTube is recommending sam hyde to me thanks to dk

Dkk

20:07

Lmfao, that would be cool but nah. Told me about him in a super secret leaked video called "Dear Elon"

lilypadfrog

20:08

I almost saw a picture of Nick Mullen’s penis once

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