Many States Impose No Limit on the Rate of Interest

question 4

True/False

Many states impose no limit on the rate of interest which may be charged on loans to corporations.

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Definitions:

Law Enforcement Officers

Individuals authorized to enforce laws, maintain public order, and protect citizens and property.

Artisan's Lien

A legal claim granted to craftsmen or workers on a property they have improved or materials they have supplied until they are compensated for their services.

Mechanic's Lien

A security interest granted over an item of property to secure the payment of a debt or performance of some other obligation.

Judicial Lien

A legal claim on property obtained through the court system to secure payment of a debt or judgment.