Posted on: 11th Nov, 2010 03:46 pm
Does any one know if a realtor wants to borrow funds to buy real estate and is willing to pay a number of points and a high interest rate from a private party is the private party violating the usurey law by making the loan? Where are you looking to verify this opinion?
Thanks
Ron
Thanks
Ron
Welcome rbrahmslaw,
The usury law varies from one state to another. You can check out the usury law of your state from the given page:
"http://www.usurylaw.com/state/"
The usury law varies from one state to another. You can check out the usury law of your state from the given page:
"http://www.usurylaw.com/state/"