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
Market condition in which sellers exceed buyers, thereby causing prices to fall. In real estate, declining markets may result from unfavorable business conditions and high interest rates. ...
A house having stucco or brick siding mixed with some wood. The house usually is two or more stories. ...
Regulatory rules that have to be followed by the organization in conducting its activities. ...
Real estate not subject to property tax such as that owned by nonprofit entities including charitable, governmental, religious institutions. ...
(1) Subunit integral to a larger unit. (Usually associated with furniture). (2) Permanent fixture or appliance which is not intended to be portable and cannot easily be removed. A home has ...
Time period that a round of regular recurring construction takes place. There may be boom and bust times in construction activity. ...
Main street having a divider either in the center or between the curb and sidewalk with trees, grass, or other shrubbery. ...
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