usury laws sentence in Hindi
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- Usury laws prohibit contracts by which a man receives more than so much interest for the money that he lends.
- It also said that it was prepared for the change in Japan's usury law and that the impact would be minimal.
- The two worlds of Texarkana sadly sum up an unintended lesson : Arkansas's century-old usury law is not a good idea.
- Under Arizona's usury laws, these finance companies must be licensed and keep their interest rates within the legal 36 percent cap.
- South Dakota lured a few more large credit operators, such as Wells Fargo, before corporation-friendly Delaware repealed its anti-usury laws as well.
- Therefore, merchant cash advance companies claim that they are not bound by state usury laws that limit lenders from charging high-interest rates.
- Justice Holmes, also dissenting, noted that there were many other constraints on contract ( such as blue laws and usury laws ).
- In its high court appeal, Thorn didn't directly challenge the Minnesota high court's decision that rent-to-own contracts are subject to usury laws.
- Thorn and other rental companies have for more than a decade known that usury laws posed a serious potential threat to their business.
- And the Arizona attorney general says one of the companies is breaking state usury laws that protect the public from too-high interest rates.
- "In the mid-' 80s consumer debt became vastly more profitable than any other kind of lending activity because state usury laws were effectively overturned,"
- This is similar to lendors using flat fees to get around usury laws . talk ) 21 : 44, 5 October 2011 ( UTC)
- Sale / lease-back businesses get a higher return and attempt to avoid usury laws by structuring their deals as leases, not loans, he said.
- He was twice taken to court for violating the usury laws that prohibited charging interest higher than the legal limit of 10 per cent.
- Among these statutes were anti-usury laws, which capped the rates at which banks were allowed to lend money, usually between 10 and 20 percent.
- But an anti-usury law which prohibited interest rates higher than 18 percent per annum ( 1.5 percent per month ) was repealed in the 1980s.
- This distinction, legal experts say, allows the firms to skirt California's usury laws, which would limit the amount that can be charged for the service.
- In 1981, to take advantage of recently relaxed state usury laws, Citibank relocated its primary credit card center from New York City to Sioux Falls.
- They flourish, advocates say, only in states that permit very high interest limits or have no usury laws and, therefore, no cap on interest rates.
- A rental industry trade group, in 1981, warned in its national publication that it would be " disastrous " if usury laws applied to rent-to-own contracts.
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