New Jersey law prescribes limits on interest rates through its civil and criminal usury statutes. Under the civil statute, interest rates may not exceed 6 percent for oral contracts, or 16 percent for ...

Usury is the unlawful lending of money at unreasonably high rates of interest. So, what is unreasonable? And what happens if your loan goes beyond that amount? The answer to the first question depends ...

Usury laws set limits on the amount of interest lenders can charge on loans and are typically set at the state level. There ...

Predatory lenders look for people desperate to borrow funds, then take advantage by charging ridiculously high interest rates. However, there are laws that limit what a lender can charge. These are ...