Usury Law
/ˈjuːʒəri lɔː/
Definitions
- (n.) A statute or regulation that sets maximum permissible interest rates on loans to prevent exorbitant charges.
The usury law protects borrowers from predatory lending by capping interest rates.
Forms
- usury law
- usury laws
Related terms
See also
Commentary
Usury laws vary significantly by jurisdiction, often requiring careful citation to local statutes when drafting loan agreements.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.