It Is Illegal for a Creditor to Charge Different Interest

question 74

True/False

It is illegal for a creditor to charge different interest rates to different borrowers.

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Definitions:

Missouri Compromise

An agreement passed in 1820 between the pro-slavery and anti-slavery factions in the United States Congress, involving primarily the regulation of slavery in the western territories.

Republican Party

One of the two major political parties in the United States, traditionally emphasizing limited government, free market principles, and conservative social policies.

Expansion of Slavery

The 19th-century movement in the United States toward spreading the institution of slavery into new territories and states.

States' Rights

The political powers held for the state governments rather than the federal government, according to the United States Constitution.