Usury Laws
Definition of "Usury laws"
State laws limiting the interest rate that can be charged to individuals borrowing money in that state. These laws affect all lenders in a state regardless of what federal or state agency issued their charter. If there is a national economic emergency, the federal government may temporarily suspend state usury laws.
Popular Real Estate Terms
Court action to order a compulsory sale of real estate owned jointly between two or more owners. A partition action divides the proceeds of a real estate sale among the joint owners rather ...
mortgage being reduced through periodic principal and interest payments. ...
Section of the Internal Revenue Code relating to depreciation. Capital improvements made to real property are depreciable. ...
To create an encumbrance. ...
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To obtain the right through authorization to act as a legal representative and agent for another. ...
Member Of the American Institute of Real Estate Appraisers. ...
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