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Updated about 12 years ago on . Most recent reply

Account Closed
  • CA
182
Votes |
762
Posts

Usury

Account Closed
  • CA
Posted

Assume the usury limit in my state is 10% and that I do not have a license that exempts me from that law. If I loan a rehabber $100k in exchange for a split of the profits when (s)he sells, would a payoff of $120k ($20k profit) be considered a usurious loan?

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