Permissible Lender's Expenses, Which Would Not Be Considered in Determining

question 53

Multiple Choice

Permissible lender's expenses, which would not be considered in determining the rate of interest under usury statutes, include all but which of the following?

• A) Cost of title examination.
• B) Reasonable cost of drawing up the necessary documents.
• C) A charge to the borrower of $500 to investigate the borrower's credit, when it actually cost the lender $75.
• D) All of these charges would be considered in determining the rate of interest under usury statutes.

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