Some States Require the Lender to Forfeit Two or Three

question 62

True/False

Some states require the lender to forfeit two or three times the amount of usurious interest charged.

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Definitions:

Habitual Negligence

Consistently failing to exercise a reasonable standard of care, resulting in repeat harm or damage.

Serious Absenteeism

refers to a consistent pattern of being absent from work or obligations without valid reason, often signaling deeper issues like employee dissatisfaction or personal problems.

Wrongful Dismissal

The termination of an employee's contract of employment in violation of the law or the terms of the contract itself.

Severance Pay

Financial compensation awarded to an employee upon termination of employment, typically based on length of service or contractual agreement.